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COVID-19: Panacea Biotec to produce 100 million doses of Sputnik V in India annually Production of Sputnik V at Panacea Biotec sites will help facilitate global supply of Sputnik V to international partners of RDIF. BusinessToday.In | April 5, 2021 | Updated 21:34 IST Panacea Biotec MD Rajesh Jain said the company will produce Sputnik V in its internationally accredited facilities. Panacea Biotec on Monday said it has entered into an agreement with the Russian Direct Investment Fund (RDIF) to produce 100 million doses of COVID-19 vaccine Sputnik V in India annually. Production of Sputnik V at Panacea Biotec sites will help facilitate global supply of Sputnik V to international partners of RDIF, the New-Delhi based company said in a release. Panacea Biotec has production facilities at Baddi (Himachal Pradesh), Lalru (Punjab) and Delhi. ....