In May, Gilead Sciences Inc. extended a voluntary non-exclusive license to Cipla
to manufacture and market Cipla’s generic version of remedisvir called 'Cipremi'. The company recently received the Drug Controller General of India (DGCI) approval for the same and had secured nonexclusive license from Gilead in May.
As part of its efforts to enable speedy and equitable access to this treatment and in anticipation of demand, Cipla
will be commercialising remdesivir through its own facilities and partnered sites. The drug will be supplied through Government and open market channels, to ensure equitable distribution.
Brokerage firm ICICI Securities expects launches from other players such as Jubilant Life, Dr Reddys, Cadila and others to follow in a short while.
At 11:04 am; Cipla was trading 4 per cent higher at Rs 664 on the BSE, as compared to 0.7 per cent rise in the S&P BSE Sensex. The pharmaceutical company's stock hit a record high of Rs 752 on March 10, 2015. The trading volumes on the counter jumped an over three-fold with a combined around 18 million shares have changed hands on the BSE and NSE.