Avra Laboratories Pvt Ltd,a city based pharma company, has been granted regulatory approval by the Central Drugs Standard Control Organisation (CDSCO) to manufacture and market Favipiravir API, which will help patients suffering from COVID-19.
The company, in a press release, said it has developed an alternative low cost and highly efficient manufacturing process and is now supplying commercial quantities to drug maker Cipla for the launch of Ciplenza, the generic version of Favipiravir.
"I am very pleased to be working with Cipla and Dr Yusuf Hamied again, with whom I share a five-decade long association and friendship, during which time we collaborated on several projects to produce lifesaving drugs, including anti-cancer, anti-HIV/AIDS and several other generic products. The current pandemic has brought us together to work tirelessly for the speedy launch of Favipiravir", Rama Rao, a former director of CSIR-IICT founded Avra Laboratories, said.
Follow our full coverage of the coronavirus pandemic here.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.