Natco Pharma enters agreement with Eli Lilly for COVID drug Baricitinib
Hyderabad: Drugmaker, Natco Pharma Limited, has recently announced the signing of a royalty-free, non-exclusive, voluntary licensing agreement with Eli Lilly and Company, for the manufacture and commercialization of the drug Baricitinib for Covid-19 indication in India.
In line with the licensing agreement, Natco has withdrawn its application filed with the Indian Patent Office, seeking Compulsory License against Lilly for Baricitinib for Covid-19 in India.
NATCO had earlier received an emergency use authorization for Baricitinib tablets, from Central Drugs Standard Control Organization (CDSCO), for use in combination with remdesivir, for the treatment of suspected or laboratory confirmed COVID-19 in hospitalized adults requiring supplemental oxygen, invasive mechanical ventilation, or extracorporeal membrane oxygenation (ECMO).
The Company has seven manufacturing facilities spread across India with modern research laboratories, capabilities in New Drug Development, etc.