FabiFlu is generic version of oral antiviral favipiravir; almost 80% patients are mildly sick, market potential for the oral drug is huge
The domestic pharma giant announced the launch of the first oral Favipiravir in the brand name "FabiFlu" claiming that it is backed by strong clinical evidence
FabiFlu is the first oral favipiravir-approved medication in India for the treatment of Covid-19, it said in a statement
The capsules are used in the treatment of adult patients with relapsing forms of multiple sclerosis
Drugmakers across the world have been rushing to develop a treatment or vaccine for the fast-spreading coronavirus, which has infected 5.5 million people globally, killing more than 345,000
The industry, which has been lobbying for faster approvals for quite some time now, says the current pandemic should help expedite the reforms process
Favipiravir is manufactured under the brand name Avigan by a unit of Japan's Fujifilm Holdings Corp and was approved for use as an anti-flu drug in the country in 2014
If patients recover faster, they needn't stay in hospital for 14 days and this could free up beds; Remdesivir and Favipiravir are in the process of being made available in India
Favipiravir is under trial in many countries as a potential treatment for Covid-19
Here are the top 10 business headlines this morning
Glenmark, Zydus Cadila to start trials in May
As per the clinical trial protocol approved, 150 subjects with mild to moderate Covid-19 will be randomised in the study in a 1:1 ratio to Favipiravir with standard supportive care
US growth remains crucial for earnings upgrades, while licensing deals can help reduce both, costs and debt
Strong distribution network and company's cost efficiency would help increase sales of the acquired high-margin portfolio
Glenmark will manufacture VWash for HUL over the next one year after which the production arrangement would be reviewed
The product is a generic version of AstraZeneca AB's Farxiga tablets
The company's US sales growth has remained subdued due to intense competition for its dermatology range.
Analysts are upgrading their ratings as they expect sales momentum in the US and domestic markets to improve
Glenmark's total expenses was at Rs 2,548.56 crore during the period as against Rs 2,308.80 crore, up 10.38%
The latest regulatory crackdown shows US regulator's stance is hardening toward lapses in quality control even as it seeks cheaper drugs to contain health care costs