Gilead Sciences inks pact with 3 cos for emtricitabine

By Admin
Gilead Sciences Friday said it has signed agreements with three Indian companies to team up and work towards promoting access to low-cost generic versi...

Gilead Sciences Friday said it has signed agreements with three Indian companies to team up and work towards promoting access to low-cost generic versions of its HIV medicine emtricitabine in the developing countries.

Gilead sells emtricitabine under the brand name Emtriva. California-based drug maker has signed deals with Indian companies namely Strides Arcolab, Ranbaxy, and Mylan Laboratories.

As per the agreement, Gilead will provide technology and funding to assist and reduce the overall manufacturing costs, said the company statement.

The collaboration will help the Indian companies to manufacture high volumes of emtricitabine and tenofovir disoproxil fumarate-based HIV medicines. This will also help in establishing sustainable price parity to these alternative regimens.

 Gilead’s Chairman and CEO John C Martin said, “Ongoing collaboration with Indian companies will be critical for furthering access to affordable, high-quality, first-line HIV treatment for developing countries.” Mr. Martin also said, “More than 2.7 million patients living with HIV in developing countries are currently receiving a TDF-containing regimen, a medicine innovated by Gilead and subsequently licensed to Indian generic partners to increase global access to the effective treatment, he said.

Arun Sawhney, CEO and Managing Director of Ranbaxy Laboratories said, “This association with Gilead will enable us to offer quality affordable medicines for the treatment of HIV/AIDS in the developing countries.”

Gilead Sciences is an American biotechnology company that discovers, develops, and commercializes therapeutics. The company focuses mainly on antiviral drugs to treat patients suffering from HIV, hepatitis B or influenza. Gilead has operations in North America, Europe and Australia.

Share
Share

Featured Articles

Healthcare business roundup: Eli Lilly, Novo Nordisk, Aspen

Eli Lilly's experimental cardiovascular drug ‘promising’; Aspen Pharmacare to manufacture mpox vaccines; Novo Nordisk says Ozempic shortage ‘worsening’

Global Health Funding 'Facing Post-Pandemic Challenges'

IHME report highlights shifting priorities and economic pressures affecting global health financing, despite increase in funding since pre-COVID levels

The Merck Group: Pharma's History & Innovation in India

Welcome back to part two of our exploration of The Merck Group's history and investment in China and India, with this part focusing on innovation in India

How CVS Health is Rising to the Omnichannel Challenge

Procurement & Supply Chain

Kinaxis: Pharma Seeing Euro-wide Supply Chain Challenges

Procurement & Supply Chain

Healthcare Digital Transformations Stymied by Data Silos

Digital Healthcare