Daily Outlook

Russia’s Sputnik V could be made in European Union after reported deals

Russia’s Sputnik V vaccine against COVID-19 could be produced in western Europe for the first time after a deal to make it in Italy was signed by the RDIF sovereign wealth fund and Swiss-based pharmaceutical company Adienne. The agreement, which will need approval from Italian regulators before production can be launched, has been confirmed by both Russia’s RDIF, which markets Sputnik V internationally, and the Italian-Russian chamber of commerce.

Kirill Dmitriev, RDIF’s head, told Russian state TV his fund had also struck deals with production facilities in Spain, France and Germany to produce Sputnik. He did not provide details. It is the latest indication that some companies are not willing to wait for the European Union’s (EU’s) regulator — the European Medicines Agency (EMA) — to grant its approval to Sputnik V before pushing ahead with their own plans.

Scientists said the Russian vaccine was almost 92% effective, based on peer-reviewed late-stage trial results published in The Lancet medical journal last month.

Sputnik V has already been approved or is being assessed for approval in three EU member states – Hungary, Slovakia and the Czech Republic. EU officials have said Brussels could start negotiations about a possible agreement to buy vaccines if at least four members request it. European Council President Charles Michel on Tuesday took aim at what he called “highly publicised” supply of vaccines from China and Russia to other countries, calling on EU members not to be misled.

The Italian-Russian chamber of commerce said on Monday that the Italian move paved the way for the creation of the first Sputnik V production facility in Europe outside Russia. It said there were plans for Italian production to begin in June and that it hoped that 10 million doses of Sputnik V could be produced there by the end of the year.

Russia’s Sputnik V could be made in European Union after reported deals, Reuters, Mar 10

Article Rating