Gilead plans to give cos in India licence to make its covid drug

Stock Market

NEW DELHI :
Gilead Sciences is planning to grant long-term licences to Indian drug makers for the generic variations of its promising covid-19 drug remdesivir, whilst well being activists are pushing the federal government to revoke three patents given to the Californian firm, citing procedural points.

Late on Tuesday, the corporate stated it was in discussions with “a number of the world’s main chemical and pharmaceutical manufacturing firms” to produce remdesivir for Europe, Asia and the creating world by means of at the very least 2022. It was additionally negotiating long-term voluntary licences with a number of generic drug makers in India and Pakistan for creating international locations.

“Gilead will present acceptable know-how transfers to facilitate this manufacturing. Finally, the corporate is in energetic discussions with the Medicines Patent Pool, which Gilead has partnered with for a few years, to license remdesivir for creating international locations,” it stated. While Gilead didn’t identify the Indian firms concerned in the dialogue, 4 folks conversant in the event stated that Cipla and Dr Reddy’s Laboratories Ltd had been a part of it.

“We don’t touch upon market speculations,” a Dr Reddy’s spokesperson said, while Cipla declined to comment. Gilead’s announcement comes after the company received the US Food and Drug Administration’s Emergency Use Authorization for the drug last week, following “promising results” from scientific trials performed by the National Institutes of Health.

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