Covid-19: Govt approves ramping up remdesivir production to around 78 lakh vials per month

By: |
April 14, 2021 7:20 PM

The current total installed capacity of the seven manufacturers of remdesivir is 38.80 lakh vials per month, the Ministry of Chemicals and Fertilizers said in a statement.

remdesivirAs an additional measure, remdesivir, active pharmaceutical ingredient (API) and formulation were placed under export ban on April 11, 2021 by Directorate General of Foreign Trade (DGFT) to increase the supply of remdesivir in the domestic market, the ministry said.

The government on Wednesday said it has given approval for stepping up the manufacturing capacity of remdesivir that would enhance the production to around 78 lakh vials per month.

The current total installed capacity of the seven manufacturers of remdesivir is 38.80 lakh vials per month, the Ministry of Chemicals and Fertilizers said in a statement.

“Fast-track approval has been given for seven additional sites having the production capacity of 10 lakh vials/month to six manufacturers. Another 30 lakh vials/month production is lined up. This would ramp up the production capacity for manufacturing to around 78 lakh vials/month,” it added.

The issue of availability of remdesivir was reviewed by Minister of State for Chemicals and Fertilizers Mansukh Mandaviya in meetings with all-existing manufacturers of the remdesivir drug and other stakeholders where decisions were taken to increase production/supply and reduce prices of remdesivir, the statement said.

As an additional measure, remdesivir, active pharmaceutical ingredient (API) and formulation were placed under export ban on April 11, 2021 by Directorate General of Foreign Trade (DGFT) to increase the supply of remdesivir in the domestic market, the ministry said.

On government intervention, remdesivir supplies of approximately 4 lakh vials meant for export are being diverted by manufacturers to fulfil domestic requirements, it added.

“EOU/SEZ units are also being enabled to supply to the domestic market,” the statement said.

Manufacturers of remdesivir have volunteered to reduce the price to less than Rs 3,500 by the end of this week, to support the efforts of Prime Minister Narendra Modi, to fight against COVID, it added.

“Manufacturers of remdesivir have been directed to give priority to fulfil hospital/institutional level supplies. Enforcement authorities of states and central government have been directed by Drugs Controller General of India (DCGI) to take immediate action on incidence of black-marketing, hoarding and overcharging of remdesivir,” the ministry said.

It also said the National Pharmaceutical Pricing Authority (NPPA) is continuously monitoring the availability of the drug.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Tamil Nadu adds 740 Covid-19 cases; 11 deaths
2New virus variant a wake-up call; test, track & trace strategies key till more data helps: Experts
3Two South Africans test positive for COVID-19 as threat of new variant looms