Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

UPDATE 1-Putin says equipment a problem in production of Russian COVID-19 vaccines

Thu, 29th Oct 2020 12:58

(Recasts to focus on production challenges)

MOSCOW, Oct 29 (Reuters) - President Vladimir Putin said on
Thursday that Russia was facing challenges scaling up production
of its main COVID-19 vaccine due to problems with equipment
availability, but hoped to start mass vaccinations by the end of
the year.

Russia is currently testing its main experimental vaccine,
known as Sputnik V, on 40,000 people in Moscow and outside of
the trial has already begun vaccinating frontline workers, but
only in small numbers.

Earlier estimates by Russian officials of how many doses
Russia could produce this year have been cut back, from 30
million to just over 2 million, with trade and industry minister
Denis Manturov recently citing challenges in scaling up
production of the vaccine.

"There is one question right now and that's providing for
the industrial production (of the vaccine) in the necessary
volumes," Putin said, speaking by video link to an investor
forum in Russia.

"There are certain problems with this, related to the
availability, or lack, of the necessary equipment," he said.
"Hard materials, that are needed for the roll-out of mass
production."

Moscow aims to produce 300,000 doses of the vaccine this
month, Manturov has said, followed by 800,000 in November, and
1.5 million in December, reaching significantly higher volumes
in early 2021.

Putin also referenced a rival vaccine, produced by British
drugmaker AstraZeneca with Oxford University, that uses
a chimpanzee adenovirus as a vector, rather than a human
adenovirus vector.

"We know that many European countries have already signed
contract for deliveries of the vaccine from Britain," Putin
said.

"Unfortunately, our colleagues there have seen some
setbacks, they are making their vaccine on the basis of the
monkey adenovirus," Putin said.
(Reporting by Vladimir Soldatkin, Gleb Stolyarov and Polina
Ivanova; writing by Tom Balmforth; editing by Jason Neely and
Susan Fenton)

Related Shares

More News
24 Jun 2024 15:40

US Supreme Court gives pharma companies a chance to thwart terrorism-funding lawsuit

WASHINGTON, June 24 (Reuters) - The U.S. Supreme Court gave a boost on Monday to a challenge by 21 pharmaceutical and medical equipment companies le...

24 Jun 2024 14:56

US Supreme Court gives pharma companies a chance to thwart terrorism-funding lawsuit

WASHINGTON, June 24 (Reuters) - The U.S. Supreme Court gave boost on Monday to a challenge by 21 pharmaceutical and medical equipment companies led ...

20 Jun 2024 10:56

TOP NEWS: AstraZeneca's Truqap gets OK from EU for breast cancer form

(Alliance News) - AstraZeneca PLC on Thursday said that the EU approved its prescription medicine Truqap, in combination with hormonal therapy Faslode...

18 Jun 2024 09:33

TOP NEWS: AstraZeneca disappointed by breast cancer drug trial results

(Alliance News) - AstraZeneca PLC on Tuesday said findings from a breast cancer drug trial showed that Truqap did not meet its primary endpoints.

18 Jun 2024 07:51

LONDON BRIEFING: Ashtead profit declines; Whitbread sales rise

(Alliance News) - London's FTSE 100 is called to open higher on Tuesday, taking confidence from a decent showing for US equities overnight, with infla...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.