This story is from April 27, 2021
Gilead to help India boost Remdesivir production, promises at least 450,000 vials
Gilead Sciences Inc
will give India at least 450,000 vials of its Covid-19 drug Remdesivir and donate active pharmaceutical ingredients (APIs) to boost production, it said on Monday, as the country reels from surging Covid-19 cases.India has an official tally of 17.31 million infections and 195,123 deaths,
health ministry
data showed, although health experts say the figures probably run higher.Nations including Britain, Germany and the United States have pledged support to the world's second most populous country, while the World Health Organization termed the situation as "beyond heartbreaking".
Gilead
said all seven Indian companies licensed to produce Remdesivir are scaling up their batch sizes as well as adding new manufacturing facilities and local contract manufacturers.The companies had an installed capacity of about 3.9 million units per month as of April 11. Gilead said it will donate APIs to safeguard against disruption of generic supply.
India had earlier this month banned the export of the drug and its APIs after record spike in Covid-19 cases sent demand surging.
"Our immediate focus is to help address the needs of patients in India who may benefit from Remdesiviras quickly as we can by working together with the government, health authorities and our voluntary licensees," said Johanna Mercier, Chief Commercial Officer.
Stay ahead in business with The Times of India. Check out Financial Calculators like SIP, PPF, FD, NPS and Mutual Fund Calculators.
Top Comment
Manoranjan Dhar
1319 days ago
Whatever they say, Poor patients have been fleeced by Hospitals and Medical shop owners.One injection was sold in black from 5000 to 35000 rupees, same with oxygen.Our poor politicians were busy in blame game.Authorities responsible for preventing this black marketing are nowhere to be seen....Read allPost comment
Popular from Business
- 'Doubt on credibility': IndiGo dismisses low ranking in global survey
- India’s first Hyperloop test track is ready! Railway Minister Ashwini Vaishnaw shares exciting update
- Cheer for NRIs! Earn higher interest rates on FCNR(B) deposits till March 31, 2025 - here’s how
- PAN 2.0: Have an extra PAN Card? Surrender now to avoid Rs 10,000 penalty! Check steps
- PAN 2.0 for free! How to get PAN Card with QR code with address update online; step-by-step guide
end of article
Trending Stories
- India’s first Hyperloop test track is ready! Railway Minister Ashwini Vaishnaw shares exciting update
- RBI Monetary Policy Meeting Highlights: Shaktikanta Das-led MPC keeps repo rate unchanged, cuts CRR to 4%; GDP FY25 outlook revised down to 6.6%
- Stock market today: BSE Sensex opens flat ahead of RBI policy; Nifty50 above 24,700
- Why did RBI governor Shaktikanta Das-led MPC not cut repo rate despite GDP shocker? Top 5 points to know
- UPI Lite new rules 2024: RBI increases UPI Lite wallet, transaction limits - here's what UPI users should know
- Airbus cuts over 2,000 jobs amidst competition from Elon Musk's Starlink
- ‘Investing in India is profitable’: Putin heaps praises on PM Modi; says Russia ready to set up manufacturing operations in India
Visual Stories
- NEET UG 2024 result awaited: Top 10 NIRF-ranked medical colleges of India
- 7 New Expected Bullet Train Routes in India
- 10 Upcoming High-Speed Expressways That Will Change Highway Travel In India
- 8 Transformational Indian Railways Projects You Shouldn’t Miss
- Why Sensex, Nifty50 Hit New Highs, M-Cap At $5 Trillion: Top Reasons
UP NEXT