Panacea Biotec Pharma is a subsidiary of vaccine maker Panacea Biotec; its domestic biz had a turnover of Rs 219 cr in FY21; Adar Poonawalla holds 8.6% stake in the firm
Antibiotics, antivirals spur drug category; chronic therapies post lower numbers
Mankind Pharma on Wednesday said it has joined hands with BDR Pharmaceuticals to launch oral anti COVID-19 pill Molulife (Molnupiravir) in the country. The tie-up is a licensing arrangement where production is by BDR Pharma and marketing, selling, promotion, distribution is by Mankind Pharma, the company said in a statement. On Tuesday, the Drugs Controller General of India (DCGI) granted permission for restricted use of antiviral medication Molnupiravir under emergency situation for treatment of COVID-19 in adult patients who have a high risk of progression of the disease. This launch further enhances the COVID-19 treatment portfolio in BDR's product basket with the addition of generic Molnupiravir. We are pleased to collaborate with Mankind Pharma to take one step forward in fighting the virus," BDR Pharma Director Business Development Raheel Shah stated. Mankind Pharma Senior President (Sales & Marketing) Sanjay Koul noted that a pill for COVID-19 is bound to go miles in ...
Delhi-based Mankind Pharma operates in 34 overseas destinations.
With the launch, the company has become the first Indian and second global firm to develop the drug, which is a generic version of Abbott's Duphaston
According to sources close to the development, talks are in advanced stages between Mankind Pharma and RDIF
Respiratory segment and anti-infectives contract; Cardiac, anti-diabetic growth rates plummet
Will conduct clincial trials on anti-parasitic drug they claim is more effective than remdesivir
Mankind became the first Indian and second global company to develop a dydrogesterone containing drug for treatment of pregnancy-related complications
It has recently ventured into the US market with the filing of 12-15 ANDAs every year
The company's initial focus will be Uttar Pradesh followed by Uttarakhand, Bihar, and North-East