It appears that GILD licensed the drug to India through Dr Reddy an old friend. (My Mom loved Dr Reddy stock) Ok so revenue should come in for that and I see Singapore has started using the drug.. so world wide use and now GILD is heading into their own phase 2-3 testing. Why the delay? It's already being used elsewhere... Do we get in ahead of what we know has to be limited good news....?
In other COvid newsFollowing the regulatory nod, Mumbai-based Glenmark Pharmaceuticals (
OTC:GLKQY) has
launched antiviral favipiravir in India for the treatment of patients with mild-to-moderate COVID-19.
The company markets the oral pyrazinecarboxamide derivative, which works by inhibiting an enzyme called RNA polymerase, under the brand name FabiFlu for the treatment of influenza.
The company says the drug will be
available as a 200 mg tablet at a maximum retail price of Rs 3,500 per strip of 34 (Rs 103/tablet) ($1.34/tablet).
It is
marketed in Japan for the flu under the brand name Avigan by Fujifilm Holdings unit Fujifilm Toyama Chemical but it is being tested for COVID-19 in over 40 countries. Prime Minister Shinzo Abe is pushing for fast track approval in Japan for mild-to-moderately ill patients.
--> So this is the Japan wonder drug that we have been hearing about.-- $1.34 a tablet this is an extreme low amount and will provide major headwinds for GILD or will it?
<$39- $52 a dose in India..... much more in America... Vs Japan $1.34......