This is a cheap but entertaining knock-off of THE THING and ALIEN, produced by Roger Corman.
A crew stationed on an undersea base receive a distress signal from a nearby Russian base, so they go to investigate. They end up returning with remnants of an ancient alien parasite that starts to infect the crew, leading to paranoia and suspicion about who is or isn't infected.
Yes, you get it, it's a blatant THE THING rip off, but it's still okay, as the characters aren't too bad and the actors all seem to be into it. Roddy McDowell gives a decent performance here as the chief medical officer, and the rest of the cast are good enough to make the whole thing watchable and enjoyable in it's own way.