Hetero inks licensing agreement with Gilead for manufacturing, distribution of remdesivir

Domestic pharma major Hetero on Wednesday said it has entered into a licensing agreement with Gilead Sciences Inc for manufacturing and distribution of remdesivir, a potential therapy for COVID-19

|May 13, 2020, 14:50:48 IST

New Delhi: Domestic pharma major Hetero on Wednesday said it has entered into a licensing agreement with Gilead Sciences Inc for manufacturing and distribution of remdesivir, a potential therapy for COVID-19.

Under this licensing deal, Hetero -- a leading global producer of anti-retroviral drugs -- will be supplying remdesivir in 127 countries, including India, subject to regulatory approvals in respective countries, the company said in a statement.

Representational image. AP.

Commenting on the development, Hetero Group of Companies Chairman B Partha Saradhi Reddy said the partnership will enable access for this important drug to India and other developing countries at this crucial time.

"This agreement also illustrates the significance of global collaboration and the need for coming together to fight the health crises impacting humanity.

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