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Remdesivir production to rise to 3 lakh vialsday, 25 new manufacturing sites approved

Although it has been approved as an investigational drug for strict use under hospital conditions, Remdesivir has seen a surge in demand over the last few days as the country battles the second wave of COVID-19 cases, leading to its shortage

twitter-logoBusinessToday.In | April 23, 2021 | Updated 23:11 IST
Remdesivir production to rise to 3 lakh vials/day, 25 new manufacturing sites approved
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The Centre on Friday said 25 new manufacturing sites have been approved for production of anti-viral drug Remdesivir and soon its production will rise to 3 lakh vials per day.

In a tweet, Minister of State for Chemicals & Fertilizers Mansukh Mandaviya said, "Monitoring is being done on daily basis. We would not leave any stone unturned to supply #Remdesivir."

Although it has been approved as an investigational drug for strict use under hospital conditions, Remdesivir has seen a surge in demand over the last few days as the country battles the second wave of COVID-19 cases, leading to its shortage. On Friday, India recorded a record-high 3,32,730 new coronavirus cases over 24 hours. The number of active cases now stands at 24,28,616.

Earlier, this week, the government had waived customs duty on Remdesivir, its raw materials and other components used to make the anti-viral drug to help augment domestic availability and reduce the cost of the injection.

The Centre has also banned export of the injection and its active pharmaceutical ingredients (APIs) till the situation improves.

Following government's intervention, pharmaceutical companies manufacturing Remdesivir voluntarily slashed prices last week. Currently, seven Indian companies are producing Remdesivir injections under voluntary licensing agreement with US-based Gilead Sciences.

Also Read: Rs 1.5 lakh cr hit on India's GDP due to lockdown; Maha, MP & Rajasthan account for 80%

Also Read: Vaccinating Indians above 18 years to cost less than 1% of annual GDP: India Ratings

Also Read: Second COVID-19 wave likely to peak in third week of May: SBI

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