The Russian Direct Investment Fund and Swiss-headquartered pharmaceutical company Adienne Pharma & Biotech have struck an agreement to produce Russia's COVID-19 vaccine Sputnik V in Italy, the Russian-Italian Chamber of Commerce said on Monday
MOSCOW (Pakistan Point News / Sputnik - 08th March, 2021) The Russian Direct Investment Fund and Swiss-headquartered pharmaceutical company Adienne Pharma & Biotech have struck an agreement to produce Russia's COVID-19 vaccine Sputnik V in Italy, the Russian-Italian Chamber of Commerce said on Monday.
According to the commerce chamber, it was Italian company Adienne Srl, which is a part of Adienne Pharma & Biotech, that initiated the deal.
"For the first time in Europe, an agreement was signed between the state Russian Direct Investment Fund (RDIF) and ADIENNE Pharma & Biotech on production of the Sputnik V vaccine in Italy," the Russian-Italian Chamber of Commerce said in a statement, obtained by Sputnik.
The vaccine production in Italy is set to start in July.
"This solution will let [Italy] create new jobs and fully control the production process of the drug. It is planned to produce 10 million doses by the end of the year," the statement read.
The news comes after the European Medicines Agency started a rolling review of the Russian vaccine last week.
