Jubilant generics ltd - Latest News Update, Information, Photos & Videos on Jubilant generics ltd at Lokmat Times

Noida-based Jubilant Life Sciences on Tuesday announced that its subsidiary Jubilant Generics Ltd has entered into a non-exclusive licensing agreement with US-based Gilead Sciences to manufacture and sell anti-viral drug remdesivir, which is under clinical trials globally as a potential treatment of COVID-19 disease.The pact allows Jubilant to register, manufacture and sell remdesivir in 127 countries, including in India."We are very happy to strengthen our partnership with Gilead to license remdesivir, which, based on initial data, shows promise to be a potential therapy for COVID-19, a pandemic creating unprecedented health and economic crisis globally," Shyam S Bhartia, Chairman and Hari S. Bhartia, Co Chairman and Managing Director, Jubilant Life Sciences Limited said in a statement.Remdesivir is among the top WHO drugs currently under various trials to treat the deadly respiratory disease.Several additional clinical trials are currently ongoing to generate more data on the safety and efficacy of remdesivir as a treatment for COVID-19."We will be monitoring the clinical trials and regulatory approvals very closely and would be ready to launch the drug shortly after the required regulatory approvals. We also plan to produce the drug's Active Pharmaceutical Ingredient (API) in-house helping its cost effectiveness and consistent availability," said Jubilant Life Sciences in a stock exchange filing.Gilead Sciences said last week that it was negotiating long-term voluntary licences with several generic drugmakers in India and Pakistan to produce experimental antiviral drug remdesivir.The US Food & Drug Administration (FDA) has issued an emergency use authorisation for remdesivir in the treatment of Covid-19 patients.Union Health Minister Harsh Vardhan last week said that there is a confusion over the pricing and patent of experimental anti-viral drug remdesivir.The Health Ministry had recently said that it is examining remdesivir, which was used during the Ebola outbreak, as one protocol in the treatment for Covid-19.Gilead said it will provide appropriate technology transfers to facilitate remdesivir production, adding that it is in active discussions with the Medicines Patent Pool to licence remdesivir for developing countries.( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Jubilant Generics LtdFOLLOW

Jubilant generics ltd, Latest News

National :COVID-19: DCGI nod to Jubilant Generics to manufacture, sell remdesivir for 'restricted emergency use'

The Drug Controller General of India (DCGI) has granted permission to pharma giant- Jubilant Generics Ltd to manufacture and market the anti-viral drug remdesivir for "restricted emergency use" on hospitalised COVID-19 patients, a senior health minis ...

Health :Noida-based Jubilant inks packs with Gilead to produce, sell remdesivir

Noida-based Jubilant Life Sciences on Tuesday announced that its subsidiary Jubilant Generics Ltd has entered into a non-exclusive licensing ... ...