The trials are part of a deal between the Russian Direct Investment Fund and Dr Reddy's.
Talks are also on with five major Indian manufacturers here to produce the vaccine for India and the world
The Russian Direct Investment Fund said that the deliveries could potentially begin in late 2020 subject to completion of successful trials and registration of the vaccine in India
Ciprodexis used in adults and children 6 months of age or older to treat certain types of infections caused by certain germs called bacteria
Normalising US and India sales likely to drive earnings in FY21
Commenting on the results, co-chairman and MD, G V Prasad said "the current quarter's financial performance has been strong across all parameters
These companies reported an increase in revenue and/or profit before tax for the March quarter
The near-term worry for the company is the ongoing investigation by the US Department of Justice related to price fixing and cartelisation by generic companies
Earlier, the drug major had said that the US health regulator has issued a Form 483 with two observations after inspecting the facility but later it was issued revised Form 483 with one observation
Deal would help Wockhardt focus on international operations, novel pipeline R&D
The agreement comprises a portfolio of 62 brands in multiple therapy areas such as respiratory, neurology, and dermatology.
Firm has outperformed domestic pharma market in 7 of last 8 quarters
Bortezomib is an active ingredient similar to that of the once blockbuster cancer treatment Velcade of Millennium Pharmaceuticals
Big entities such as Aurobindo and Dr Reddy's have been currently filing for new product approvals from multiple sites
US-China trade war is going to give us a window of opportunity to expand our industry, says G V Prasad
According to Prasad, the relevance of Indian pharma sector as a provider of affordable alternative to the world remains intact
Among other Nifty companies, ZEEL has seen an earnings cut of over 8%
Further, fund managers say the markets could continue to remain polarised as growth companies are likely to fetch a premium, especially when the economy is going through a trough
Earnings were driven by one-off gains
Dr Reddy's Phytonadione Injectable Emulsion USP, 10 mg/ml Single-Dose Ampules is available in 1 ml Ampule containing 10 mg/ml of Phytonadione