"When all the attempts to get the voluntary licence from the patentee were futile, BHL moved to Indian Patent Office, requesting to grant compulsory licence for manufacture and supply of COVID-19 Drug Baricitinib, so that it can supply the essential medicine in this pandemic situation in India," Bajaj Healthcare Ltd (BHL) said.
"We have moved the Indian Patent Office to grant compulsory licence for manufacturing & supply of Covid Drug Baricitinib (API and formulation). Currently the drug Baricitinib is licensed to US pharma giant Eli Lilly & Company, by its originator company INCYTE, providing them the rights for marketing it across the globe," Bajaj Healthcare Ltd Joint MD Anil Jain said.
Considering Bajaj Healthcare's manufacturing capabilities and strong in-house R&D team, "we can produce 'Baricitinib' at very competitive and affordable prices in India," he added.
Eli Lilly and Company has already inked voluntary licensing agreements with Indian pharma majors such as Sun Pharma, Cipla, Lupin, Torrent Pharmaceuticals, Dr Reddy's and MSN Laboratories to expedite availability of Baricitinib for treatment of COVID-19 patients in India.
Eli Lilly and Company has received permission for restricted emergency use by the Central Drugs Standard Control Organization (CDSCO), for Baricitinib to be used in combination with Remdesivir for the treatment of suspected or laboratory confirmed COVID-19 in hospitalised adults requiring supplemental oxygen, invasive mechanical ventilation, or extracorporeal membrane oxygenation.
Shares of Bajaj Healthcare Ltd closed higher by 2.23 per cent at Rs 720.20 on BSE.
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