InvestorQ : What is the significance of Hetero Drugs getting domestic approval for Remdesivir?
Niti Shenoi made post

What is the significance of Hetero Drugs getting domestic approval for Remdesivir?

Answer
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diksha shah answered.
3 months ago


Hetero Drugs based out of Hyderabad has secured approval from the Indian pharma regulator for manufacture and marketing of Remdesivir. It may be recollected that the drug patent is owned by Gilead Inc of the US.

Under the Emergency Approval route, Gilead had permitted Indian companies like Hetero Drugs, Cadila Healthcare, Cipla and Jubilant Life to manufacture and market the product without payment of license of fees till the time the risk of pandemic remained. This is a special approval given by the US FDA under exceptional circumstances.

Now, with the Indian regulator also approving the same, the drug will be marketed under the name of Covifor in India and each vial is expected to cost around Rs.5000. This drug has been approved for use in COVID-19 patients.

The company is likely to prioritize distribution in states like Maharashtra and Delhi, which are the worst affected by the pandemic. In India there are at least 10,000 patients who need this drug urgently and it can be a life saver in the fight.