Dr. Reddy’s Labs - Expert Committee Suggestions Aides Business Visibility For Sputnik: Motilal Oswal
A worker displays vials of the Sputnik V Covid-19 vaccine. (Photographer Asim Hafeez/Bloomberg)

Dr. Reddy’s Labs - Expert Committee Suggestions Aides Business Visibility For Sputnik: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

The government’s Subject Expert Committee of the Central Drugs Standard Control Organization has recently recommended Russian Direct Investment Fund’s Sputnik V Covid-19 vaccine for Emergency Use Authorization in India.

Dr. Reddy’s Laboratories Ltd. has exclusive marketing and distribution rights for the first 250 million doses of Sputnik V vaccines in India.

Considering the base case scenario of a pricing cap of $2 per dose for the vaccine, we believe the upside potential for revenues is ~$300 million for the company for the duration of the contract.

Click on the attachment to read the full report:

Motilal Oswal Dr Reddys Company Update.pdf

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