Mylan partner AGP to sell COVID-19 drug Remdesivir soon: Bloomberg
It has a similar arrangement for the Hepatitis C treatment Sovaldi, which will import from Mylan;
Pakistan's AGP Ltd., a partner of Mylan NV, plans to sell the Covid-19 treatment remdesivir, which has been shown to improve the recovery of coronavirus patients, within one to two months in the Asian nation.
AGP plans to seek permission from the country's drug authority to import the medicine, Chief Executive Officer Nusrat Munshi said in an interview. It has a similar arrangement for the Hepatitis C treatment Sovaldi, which will import from Mylan. AGP is Mylan's exclusive distributor in Pakistan.
The development comes a few weeks after remdesivir's original creator Foster City, California-based Gilead Sciences Inc. signed agreements with four generic drug manufacturers in India, including Mylan's unit in the country, and one in Pakistan to speed development and help meet anticipated demand. A unit of Pakistan's Ferozsons Laboratories Ltd. is currently the only licensee in the country.
The global push to develop coronavirus treatments and vaccines is accelerating as governments look for ways to ease lockdowns safely and restart economies. Moderna Inc.'s vaccine passed a crucial early safety test last week, and countries from the UK to China are pushing ahead to develop their own vaccines. Gilead's drug was originally developed in 2010 to treat Ebola.
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