Remdesivir is the only USFDA approved emergency use authorization treatment in severe (hospitalised) Covid-19 patients.
Industry sources estimate that at least 10,000 patients need the drug urgently in the areas with high case load
The USFDA had issued an Emergency Use Authorization (EUA) to Gilead Sciences Inc for emergency use of remdesivir for the treatment of Covid-19 patients
Currently, the drug is allowed for "restricted emergency use" on severely ill hospitalised Covid patients in India.
The two companies had previously entered into a similar agreement in February 2018 for promotion and distribution of tocilizumab (Actemra) and other products
Patient recruitment for the tocilizumab combination therapy study will begin this month.
Improving growth in North America will complement strong domestic sales
Besides, the company is reworking its domestic market sales strategy, and scrutinising its capital and operating expenditure plans
The net profit came down 33 per cent to Rs 246 crore, lower than Street expectations. Emkay Global had expected a 3 per cent dip in profit for the quarter.
All that happened in the markets today
Today, a total of 12 companies including Cipla, Aaarti Drugs, and M&M Finance are scheduled to announce their results
Domestic players will be free to price it; Dutch firm Mylan also to make the drug in India; no royalty for Gilead as yet
According to the agreement the companies Cipla, Hetero Labs, Jubilant Life Sciences, Mylan, and Pakistan based Ferozsons Labs, to manufacture and sell remdesivir in 127 countries
According to the statements issued by Jubilant Life and Cipla, both the firms will have the right to register, manufacture and sell Gilead's Remdesivir drug in 127 countries including India
The USFDA has recently given an emergency approval to the drug for use on coronavirus patients
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Local pharma units have already started work on developing patented drugs, some have already approached regulator for approvals
Cipla Health will cater to 4 lakh people and cover 250 stores in 45 cities across the country
Cipla gets nod for drug from USFDA earlier than expected; Lupin in fray
Proventil HFA (albuterol sulfate) metered-dose inhaler is used for the treatment of acute episodes of bronchospasm or prevention of asthmatic symptoms.