Jubilant, Gilead ink pact for Remdesivir
The HinduJubilant Life Sciences, through a subsidiary, has entered into a non-exclusive licensing agreement with Gilead Sciences Inc. to register, manufacture and sell Gilead’s Remdesivir, a potential therapy for COVID-19 in 127 countries, including India. Jubilant Life Sciences chairman Shyam S.Bhartia and co-chairman and MD Hari S. Bhartia said Remdesivir, based on initial data, showed promise as a potential therapy for COVID-19. We also plan to produce the drug’s active pharmaceutical ingredient in-house helping its cost effectiveness and consistent availability.” An investigational anti-viral therapy developed by Gilead, Remdesivir received Emergency Use Authorisation by the US Food and Drug Administration to treat COVID-19. The EUA was based on available data from two global clinical trials – U.S. 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.