Noida-based Jubilant inks packs with Gilead to produce, sell remdesivir
14 Mai, 2020, 10:41 | Auteur: Yves Courtet
Largely in line with the word on the street, the companies in the VL pact were Cipla, Hetero, Mylan, Jubilant and Ferozsons Laboratories.
Jubilant Life Sciences had earlier on Tuesday announced that its subsidiary Jubilant Generics Ltd has entered into a non-exclusive licencing agreement with US-based Gilead Sciences Inc.
Under the pact, Jubilant will have the right to receive technology transfer of Gilead manufacturing process to scale up production to enable expedited access of the medicine to Covid-19 patients upon approvals by regulatory authorities in the respective countries. In fact, civil society groups had even written to Gilead Chief Executive Daniel O'Day to act in public interest, as an "exclusivity and monopoly-based approach" would, in their words, fail the world in combating the Covid-19 pandemic.
The deal will be royalty-free until the WHO decides the outbreak is no longer a global health crisis. or until another pharmaceutical product is proven effective in treating or preventing COVID-19. "The licensees also set their own prices for the generic product they produce", it said.
Any disruption to the supply chain impacting these scarce raw materials and other manufacturing inputs could reduce the amount of remdesivir produced and increase the time it takes to do so, Gilead had said in a release last week.
However, large and developed markets like the US, China, the United Kingdom, the European Union, Australia and Japan are not included in the list.
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As of now, Remdesivir is not approved for use in India and is just one of the many potential therapies being tested by the country to treat COVID-19.
The EUA is based on available data from two global clinical trials - US National Institute for Allergy and Infectious Diseases" placebo-controlled Phase 3 study in patients with moderate to severe symptoms of COVID-19, and Gilead " s global Phase 3 study evaluating remdesivir in patients with severe disease, the company said.
United States had authorised remdesivir - created to treat both hepatitis and a common respiratory virus - under emergency use provisions, after a clinical trial demonstrated some improvements among severely ill patients.
While the move is significant, it must be noted that drug delivery would depend on clinical trials and regulatory approvals from the countries in question.
Following the announcement, Jubilant Life Sciences share price opened with a gain of 5% at Rs 429.95 against the previous closing price of Rs 409.50. There are, however, no promoter cross-holdings.
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