Dr Reddy’s Laboratories, which is testing the Russian Corona virus vaccine Sputnik-V in India, said on Thursday that it has shut down services of all data centers worldwide after a cyber attack. The company said in a statement that it did so to take rescue measures after the cyber attack was identified.
The company’s CIO Mukesh Rathi said, “We are expecting all services to start within 24 hours.” We do not anticipate any significant impact on our operations due to this incident.
Dr. Reddy’s has drug plants in the US, UK, Brazil, Russia and India. Recently, Dr. Reddy’s Laboratories was approved for the trial of Russian Corona Virus Vaccine. The Drugs Controller General of India (DGCI) allowed Dr. Reddy’s second and third phase trials of the Russian vaccine Sputnik-V in the country. With Russia launching Sputnik-V, they had claimed it was the first in the world to produce the Corona vaccine.
After the cyber attack on the company, its shares have seen a decline. At 12.30 pm on the Bombay Stock Exchange, the company’s stock fell 1.49 percent. Currently, Dr. Reddy’s shares are trading at Rs 4,971.70. It also declined by 1.42 per cent on the National Stock Exchange.