1 min read.Updated: 03 Aug 2020, 07:36 PM IST Edited By J. Jagannath
It will be launched in the Indian market under the brand name ‘JUBI-R’
Jubilant Generics will make the drug available to over 1,000 hospitals providing Covid-19 treatment in India through its distribution network
Jubilant Life Sciences on Monday announced that its arm, Jubilant Generics, launched remdesivir for injection under the brand name ‘JUBI-R’ in the Indian market at a price of ₹4,700 per vial of 100 mg (lyophilized injection).
Jubilant Generics will make the drug available to over 1,000 hospitals providing Covid-19 treatment in India through its distribution network.
In May 2020, Jubilant entered into a non-exclusive licensing agreement with Gilead Sciences, Inc. that granted it the right to register, manufacture and sell Gilead’s investigational drug remdesivir in 127 countries including India. Remdesivir is the only antiviral drug that has received Emergency Use Authorization (EUA) by the USFDA for treatment of suspected or laboratory confirmed COVID-19 in adults and children hospitalized with severe disease. On July 20, 2020, Jubilant received approval from the Drug Controller General of India (DCGI) to manufacture and market the investigational antiviral drug remdesivir (“JUBI-R") for 100 mg/vial (lyophilized injection) for restricted emergency use in India for the treatment of severe COVID-19. ‘JUBI-R’ will require to be administered intravenously in a hospital setting under the supervision of a medical practitioner, the company said in a regulatory filing.
“It gives us immense satisfaction to launch ‘JUBI-R’ as this drug has a potential to save precious lives across the globe. We have launched the product at affordable prices and strive to make it available in sufficient quantities to meet high demand for the drug in the Indian market and in other countries," stated Shyam S. Bhartia, Chairman & Managing Director and Hari S. Bhartia, Co-Chairman, Jubilant Pharma Limited.
“The Company’s ability to launch this product in such short timelines highlights our R&D and manufacturing capabilities and our continued commitment to provide leading healthcare solutions. Through the Jubilant Bhartia Foundation, we will distribute the drug on compassionate basis to save precious lives of people through unique programs," they added in the joint statement.
The promoters of HT Media Ltd, which publishes Mint, and Jubilant Industries are closely related. There are no promoter cross-holdings.