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Information breach in the Dr. Reddy Lab’s servers; services seized

The information infringement occurred at the company servers, and plants in the United States, United Kingdom, Brazil, India, and Russia

by Antara Adhikari
October 22, 2020
in NewsMakers, Featured, Spotlight
Reading Time: 1 min read
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Information breach in the Dr. Reddy Lab’s servers; services seized
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THD Newsdesk, Hyderabad: Hyderabad-based pharma major Dr. Reddy’s Laboratories sealed its manufacturing services following an information breach in the servers, ET Now proclaimed.

The information infringement occurred at the company servers, and plants in the United States, United Kingdom, Brazil, India, and Russia were impacted.

“We are anticipating all services to be up within 24 hours, and we do not foresee any major impact on our operations due to this incident,” Dr. Reddy’s Chief Information Officer Muk Rathi announced.

Shares of the company fell as much as 4.3% on the news, dragging the Nifty pharma sub-index down 2%.

It occurred days after Dr. Reddy’s obtained approval from the Drug Controller General of India (DCGI) to conduct an adaptive phase 2/3 human clinical trial for the Sputnik V vaccine in India.

The vaccine was developed by Russia’s Gamaleya Institute and financed by the Russian Development Investment Fund (RDIF). The multi-center and randomized controlled investigation, which will incorporate safety and immunogenicity study.

In September 2020, Dr. Reddy’s and RDIF subscribed to a partnership to conduct the Sputnik V vaccine’s clinical trials and India’s distribution. As part of the partnership, RDIF shall supply 100 million shots of the vaccine to Dr. Reddy’s administrative approval in India.

Sputnik V is currently executing the phase 3 clinical trial in Russia, and the intended number of subjects is 40,000. Additionally, phase 3 clinical trial of the vaccine commenced in the United Arab Emirates last week.

Dr. Reddy’s also has tie-ups with global firms to market coronavirus treatments remdesivir and favipiravir in India.

 

Antara Adhikari

Antara Adhikari

Antara is a women's rights activist and a Master of Social Work student at the Tata Institute of Social Sciences, Mumbai. She has always been intrigued by society's socio-cultural and economic intersections and its bearing on people's lives. To advocate for the excluded and bring forth the million feeble voices through her writing remains at the centre of her heart. Along with being an avid music enthusiast, she relishes reading and writing poetry.

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