financetom
News
financetom
/
News
/
COVID-19 treatment: Cipla in licensing agreement with Gilead for antiviral drug remdesivir
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
COVID-19 treatment: Cipla in licensing agreement with Gilead for antiviral drug remdesivir
May 13, 2020 12:07 AM

Pharma major Cipla today said that it has signed a non-exclusive licensing agreement with Gilead Sciences for the manufacturing and distribution of the investigational medicine remdesivir used to treat COVID-19 patients.

Cipla is one of the three Indian companies that have partnered with Gilead for remdesivir, the other two being Jubilant Life Sciences and Hetero Labs.

As part of the agreement, Cipla will be permitted to manufacture the active pharmaceutical ingredient (API) and finished product, and market it in 127 countries including India and South Africa under Cipla’s own brand name, the company said in its release.

Cipla will receive the manufacturing know-how from Gilead Sciences to manufacture the API and finished product on a commercial scale.

Remdesivir has been issued an Emergency Use Authorization (EUA) by the U.S. Food and Drug Administration (FDA) to treat COVID-19 patients. The drug has not yet been approved by the USFDA.

Commenting on the partnership, Cipla MD and Global CEO Umang Vohra said, “We are pleased to partner with Gilead for this cause and take this treatment to patients across countries after the required regulatory approvals. Our partnership with Gilead is a significant step towards saving millions of lives impacted by the pandemic.”

First Published:May 13, 2020 9:07 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US dollar heads for fresh weekly profit
US dollar heads for fresh weekly profit
Oct 26, 2024
The US dollar rose in European trade on Friday against a basket of major rivals, resuming gains after a short hiatus, and approaching three-month highs once more. The gains come amid a surge in US 10-year treasury yields after bullish remarks from some Fed officials, and strong US data, which hurt the odds of an aggressive pace for US interest...
Euro rebounds ahead of major eurozone data
Euro rebounds ahead of major eurozone data
Oct 27, 2024
The euro rose in European trade on Thursday against a basket of major rivals after a wave of losses across three sessions, with the euro eventually settling above 3-⅕ month lows against the US dollar. It comes ahead of major data on the eurozone sectors later today, which would shed important light on the health of the European economy in...
Yen skids to three-month low as the gap in treasury yields widens
Yen skids to three-month low as the gap in treasury yields widens
Oct 26, 2024
The yen fell in European trade on Wednesday against a basket of major rivals, sharpening the losses for the third straight session against the US dollar and hitting three-month lows amid concerns about a wider US-Japan gap in government treasury yields. Recent bearish remarks from Japanese officials hurt the odds of a third BOJ interest rate hike this year, while...
Yen skids to three-month trough as Japanese governing coalition loses majority
Yen skids to three-month trough as Japanese governing coalition loses majority
Oct 28, 2024
The Japanese yen skidded in Asian trade on Monday to three-month lows against the US dollar, after the election loss by the current Japanese parliamentary governing coalition, which could impede future interest rate hikes by the Bank of Japan. The yen is also pressured by a surge in US 10-year treasury yields, amid speculation about a cautious stance by the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved