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Argentine lab strikes deal to produce Russia s Sputnik V vaccine

Argentine lab strikes deal to produce Russia s Sputnik V vaccine
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Argentine lab strikes deal to produce Russia s Sputnik V

By Eliana Raszewski BUENOS AIRES, Feb 26 (Reuters) - An Argentine laboratory has struck a deal to help produce Russia s COVID-19 vaccine Sputnik V, according to a company statement shared by the country s government on Friday, helping boost the local firm s share price. Laboratorios Richmond has signed a memorandum of understanding with Russia s RDIF sovereign wealth fund to be able to manufacture the vaccine, which has so far been the main drug used in Argentina s fledgling inoculation program. Argentina was one of the first countries in the region to sign an agreement with Russia to buy Sputnik V and has already received 1.22 million doses from the Russian Gamaleya Institute.

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