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  • Dr Reddy's, Gilead...

Dr Reddy's, Gilead enter licensing pact for investigational COVID drug Remdesivir

Ruchika SharmaWritten by Ruchika Sharma Published On 2020-06-15T11:35:48+05:30  |  Updated On 15 Jun 2020 11:35 AM IST
Dr Reddys, Gilead enter licensing pact for investigational COVID drug Remdesivir
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Dr. Reddy’s will receive technology transfer from Gilead for the manufacturing of this drug.

Hyderabad and Princeton: Dr. Reddy's Laboratories Ltd. recently announced that it has entered into a non-exclusive Licensing Agreement with Gilead Sciences, Inc. that will grant Dr. Reddy's the right to register, manufacture and sell Gilead's investigational drug, Remdesivir, a potential treatment for Covid-19, in 127 countries including India.

Dr. Reddy's will receive technology transfer from Gilead for the manufacturing of this drug. Dr. Reddy's would need to do the manufacturing scale-up and obtain regulatory approval for marketing of this drug in respective countries.

Remdesivir, an investigational antiviral therapy developed by Gilead, received Emergency Use Authorization (EUA) by the U.S. Food and Drug Administration (USFDA) to treat Covid-19.

Dr. Reddy's Laboratories Ltd. is an integrated pharmaceutical company headquartered in Hyderabad, committed to providing affordable and innovative medicines for healthier lives.

Its major therapeutic areas of focus are gastrointestinal, cardiovascular, diabetology, oncology, pain management, and dermatology.

The Company's markets include – USA, India, Russia & CIS countries, and Europe.

Read also: Zydus Cadila, Gilead ink licensing agreement to manufacture, market Remdesivir

dr reddy's labsremdesivirgilead sciencescovid-19coronavirus
Ruchika Sharma
Ruchika Sharma

    Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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