Duopharma, Putrajaya Sign Deal To Supply Russia’s Covid-19 Vaccine

KUALA LUMPUR: Duopharma Biotech Bhd’s wholly-owned subsidiary, Duopharma (M) Sdn Bhd (DMSB), has signed an agreement with the government, represented by the health ministry, to supply Russia’s Covid-19 vaccine.

The company has concluded execution of separate definitive supply agreements with the government and a subsidiary of the Russian Direct Investment Fund (RDIF) for the supply of 6.4 million doses of the Sputnik V vaccine.

In a filing with Bursa Malaysia today, Duopharma Biotech said the supply of the vaccine is subject to the fulfilment of the remaining condition precedent under the supply agreements, namely the approval of the vaccine by the National Pharmaceutical Regulatory Authority, as well as other terms and conditions of supply.

Group managing director Leonard Ariff Abdul Shatar confirmed the company’s state of readiness.

“The Covid-19 pandemic has presented all Malaysians with extraordinary challenges, which we can only overcome through immediate collaboration on many fronts. Duopharma Biotech is fully committed and proud to be part of our nation’s immunisation programme,” he said.

Sputnik V, developed by Russia’s Gamaleya National Research Center for Epidemiology and Microbiology, has been successfully registered in 68 countries across North and South America, the Middle East, Europe, Asia and Africa.

Based on peer-reviewed results of the second interim analysis Phase 3 published by one of the world’s oldest and most respected medical journals, The Lancet, Sputnik V’s efficacy has been confirmed at 91.6%.

It is one of only three vaccines in the world with an efficacy rating of over 90%, and no serious adverse events related to the vaccine were recorded, the group added.

Source: https://www.freemalaysiatoday.com/category/nation/2021/06/01/duopharma-biotech-putrajaya-sign-deal-to-supply-russias-covid-19-vaccine/

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