News Pharma & Biotechnology

India’s Hetero prices experimental COVID-19 drug remdesivir at $71 per 100 mg vial

India’s Hetero Labs Ltd has priced its generic version of remdesivir, Gilead’s experimental COVID-19 drug, at 5,400 rupees ($71) per 100-milligram vial, the drugmaker said on Wednesday, as it prepares to ship them to hospitals in the country.

The privately held company said it would supply 20,000 vials of the drug. Fellow Indian drug firm Cipla Ltd had said on Tuesday that its own version of the antiviral drug remdesivir would be priced below 5,000 rupees.

Cipla and Hetero are among a bevy of drugmakers which have licensing agreements with U.S.-based Gilead Sciences Inc, the original manufacturer of remdesivir, to make and sell the drug in 127 low- and middle-income countries.

India has approved the generic versions made by Cipla and Hetero for restricted emergency use in severe COVID-19 cases.

The treatment was the first to show improvement in trials on COVID-19 patients and has won approval for emergency use in severely ill patients in the United States and South Korea, and received full approval in Japan. It is yet to be priced in the United States.

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Meeta Ramnani
Meeta Ramnani
Meeta develops credible content about various markets based on deep research, opinions from experts and inputs from industry leaders. As the managing editor at Smart Industry News, she assures that every piece of news and article adds to the knowledge of decision makers. An avid bike rider, Meeta, is a postgraduate from Indian Institute of Journalism and New Media (IIJNM) Bangalore, where her specialization was Business Journalism. She carries experience from mainstream print media including The Times Group and Sakal Media Group.