Remdesivir the potential Covid-19 treatment drug made by Gilead Sciences (NASDAQ:GILD) licensed the drug to five generic drug manufacturers in India and Pakistan to speed up the supply chain development and help the anticipated demand.
Cipla Ltd., Ferozsons Laboratories, Hetero Labs Ltd., Jubilant Lifesciences, and Mylan (NASDAQ:MYL) are the five companies licensed for the drug. They will be able to produce the drug without any royalty payment until another COVID-19 treatment is found or until the World Health Organization announces an end to the pandemic.
Gilead Sciences Inc (GILD) is down by $2.85, or by -3.53%, at $77.95.