Korea Chorus, Isu Abxis, etc. Produce COVID-19 Russia VotsShot Vaccine... Expectations Rise for Benefits to EID and Etron

[Asia Economy Reporter Yoo Hyun-seok] Domestic companies entrusted with the production of Sputnik V, such as Korea Corus and Isu Abxis, will additionally produce Sputnik Light, which can prevent COVID-19 with a single dose. The first supply of Sputnik Light from Russia is expected to take place early next month.

According to related industries on the 28th, the private distribution of Sputnik Light, a single-dose COVID-19 vaccine designed to improve booster shot convenience, has begun locally in Russia. According to the official Sputnik vaccine website, the distribution and overseas export of Sputnik Light have been formalized. Congo and Mongolia have approved the administration of Sputnik Light, and domestic contract manufacturing companies are participating in the production of Sputnik Light to meet global demand.

According to Korea Corus, consortium companies including Isu Abxis, Vinex, Chong Kun Dang Bio, Curatis, and Boryung Biopharma will additionally produce Sputnik Light through existing Sputnik V production facilities. Sputnik Light uses a human adenovirus vector similar to Ansen and is known to provide about 80% preventive efficacy with a single dose.

The storage temperature of Sputnik Light is easy to manage at 2 to 8 degrees Celsius, and the price per single dose is less than 10 dollars, making it affordable. To achieve herd immunity quickly, the single-dose vaccine Sputnik Light is advantageous.

Also, since the production volume is about four times higher compared to Sputnik V using the same facilities, it is evaluated to have good efficiency and profitability. Furthermore, the Russian government plans to supply it to vaccine-deprived countries in Latin America, the Middle East, and Africa, so vaccination demand is expected to increase significantly in the future. If the administration of Sputnik Light expands globally, the investment returns of Etron and EID, which invested about 20 billion won in Korea Corus, are also expected to increase. Etron and EID invested in Korea Corus in the second half of last year through a PEF investment method and hold indirect shares. Korea Corus is planning to go public next year with Kiwoom Securities as the lead underwriter.

This content was produced with the assistance of AI translation services.