Tapeworm drug, masks are part of Reliance's plan to tackle coronavirus

Reliance Industries is exploring use of a tapeworm drug, Niclosamide, as a cure for Covid-19, according to its annual report.

Reliance Industries Ltd. is working on a new Covid-19 drug and cheaper testing kits as the conglomerate owned by Asia’s richest man Mukesh Ambani looks to curb the pathogen which has ravaged India in the past year.

India’s most-valuable company is exploring use of a tapeworm drug, Niclosamide, as a cure for Covid-19, according to its annual report. Its diagnostic kits -- R-Green and R-Green Pro -- have been approved by India’s apex medical research body and it has designed a process to make sanitizers at one-fifth the market cost, Reliance said in the report.