UCrest inks agreement with Chinese contract manufacturers to produce Sputnik V vaccines
TheEdge Wed, May 19, 2021 09:04pm - 12 hours ago


KUALA LUMPUR (May 19): UCrest Bhd said today it has inked an agreement with two contract manufacturers in China and secured the capacity to produce Sputnik V vaccines.

The agreement is a follow-up to a Memorandum of Understanding (MoU) inked between UCrest and the Russian Direct Investment Fund (RDIF) in April, wherein it was agreed that UCrest will identify and manage contract manufacturers for the production of the Sputnik V vaccine for RDIF.

The agreement with the two Chinese contract manufacturers results in UCrest having secured the capacity to produce between 312 million and 960 million doses in a 24-month period, said the company, which is primarily involved in wireless and digital network products and services.

Under the MoU with RDIF, UCrest is tasked to manage the contract manufacturers including the sourcing of materials, coordinating work among manufacturers, getting the necessary approvals to achieve the production, and delivery of needed doses.

RDIF, which is a Russian sovereign wealth fund, will be responsible for technology transfer and total purchase of the product in a take-or-pay arrangement.

Elsewhere, the vaccine has been rolled out in India since last week while the Philippines has received the first batch of the vaccine, according to reports.

UCrest shares fell 4 sen or 10.81% to close at 33 sen, valuing the group at RM202.49 million.

are u sure us is 80%...just watched it on ourworldindata.org it is stated the number of vaccinated with at least one dose is 48.52% in us by 19 may 2021..the fully vaccinated is still 38.2%..please check again your source for the credibility

Managed to find this info which was just updated as of 18th May

https://www.statista.com/statistics/1123927/sputnik-v-exports-from-russia-by-country/

It is showing the countries tht ordered Sputnik from Russia (total up approx 542.09 mil doses) . Domestic produced by countries total 3.038 bil...largest by South Korea 1.85bil (population 51mil) followed by India 852mil (population 1.4bil) and China 260mil... Population for Russia alone is only 145mil+ so south korea should be the major producer

2doses Sputnik required 3weeks apart..if the above are in doses then number of person should divide 2 from the qty above...even after divide 2 it is more than demand..Ucrest 2contracts manufacturer in China between 300+ to 900+ mil doses but total China domestic manufacture 260mil only...

Pharmaniaga is one of the two pharmaceutical companies that have signed an agreement with the MoH for the procurement of Covid-19 vaccine doses. The other company is Duopharma Biotech Bhd, which will be supplying 6.4 million doses of Russian-developed "Sputnik V" Covid-19 vaccine.

https://www.theedgemarkets.com/article/pharmaniaga-works-federal-govt-only-covid19-vaccine-now