HYDERABAD: Domestic pharma major Hetero on Wednesday said it has entered into a licensing agreement with Gilead Sciences Inc for manufacturing and distribution of remdesivir, considered to be a potential medicine for the treatment of COVID-19.
As per the company's statement ,Remdesivir will be manufactured in the company's formulation facility in Hyderabad, which has been approved by stringent global regulatory authorities such as US Food and Drug Administration (USFDA) and EU, among others.
Under this licensing deal, Hetero, a leading global producer of anti-retroviral drugs will be supplying Remdesivir in 127 countries, including India, subject to regulatory approvals in respective countries, the company said in a statement.
Commenting on the development, Hetero Group of Companies Chairman B Partha Saradhi Reddy said the partnership will enable access for this important drug to India and other developing countries at this crucial time.
This agreement also illustrates the significance of global collaboration and the need for coming together to fight the health crises impacting humanity.
Hetero has developed this product in India and has already been working with the government, Indian Council of Medical Research (ICMR), and Drug Controller General of India (DCGI) for necessary studies and approvals to bring this product to treat COVID-19 patients in India, he said.
Hetero has developed the fully vertically integrated supply chain for this product complementing the 'Make in India' campaign as defined by Prime Minister Narendra Modi, it added.