Gland Pharma - Manufacturing Scale-Up Key For Vaccine Opportunity: Motilal Oswal
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Motilal Oswal Report
Gland Pharma Ltd. is a comprehensively injectable-focused company, with a wide generics portfolio comprising of -
- own/contract development,
- technology transfer,
- an established manufacturing value chain, and
- extensive regulatory capabilities.
The company recently announced an agreement with the Russian Direct Investment Fund to supply 252 million doses (five doses/vials) of the Sputnik V vaccine.
Post the technology transfer, it would commence the production from Q3 FY22.
The agreement is for a fixed price with a committed offtake. Thus, the manufacturing scale-up is the key factor in this opportunity.
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