Business EconomyPosted at: May 12 2021 1:49PM

Dr Reddy Labs enters voluntary licensing agreement with Lilky to access Covid treatment in India

Hyderabad, May 12 (UNI) Dr Reddy’s Laboratories Lt on Wednesday announced that it has entered into a royalty-free, non-exclusive voluntary licensing agreement with Eli Lilly and Company (“Lilly”) for the manufacture and commercialization of the drug, baricitinib, in India.
The drug baricitinib has received restricted emergency use approval from the Central Drugs Standard Control Organization (CDSCO), for use in combination with remdesivir for the treatment of suspected or laboratory-confirmed COVID-19 in hospitalized adults requiring supplemental oxygen, invasive mechanical ventilation, or extracorporeal membrane oxygenation (ECMO), Hyderabad based pharmaceutical giant said in a release here.
This partnership comes at a critical juncture in the fight against the pandemic in India and adds to the company’s existing range of COVID-19 therapeutics covering the full spectrum from mild to moderate and severe conditions of the disease and a vaccine.
Deepak Sapra, Chief Executive Officer, API and Services, Dr Reddy’s Laboratories, said, "From the start, we have been determined to explore every possible avenue against COVID-19. Our collaboration with Lilly will help us make yet another treatment option available to patients in India.
UNI KNR RHK1348

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Tags: #Dr Reddy Labs enters voluntary licensing agreement with Lilky to access Covid treatment in India

Dr Reddy Labs enters voluntary licensing agreement with Lilky to access Covid treatment in India

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