Lenacapavir is a USFDA approved drug used for treatment of human immunodeficiency virus type 1 (HIV-1) infection
Under this agreement, Cognizant will manage Gilead’s global IT infrastructure, platforms, applications and advanced analytics, and lead initiatives designed to accelerate its digital transformation.
Discussions between Gilead Sciences and Immunomedics were initially centered around a partnership before shifting to a full-fledged takeover negotiation.
The US drugmaker would provide contract manufacturing services at its facility in Kansas to produce the drug.
The decision comes just days after the company allocated nearly all of its supply of the antiviral to the United States over the next three months, stirring concerns about availability elsewhere.
Hetero Labs and Cipla are the only Indian companies to have received the regulatory approval to market the experimental COVID-19 drug.
As per the non-exclusive licensing agreement, Gilead will grant Dr Reddy's Laboratories the right to register and manufacture its investigational Coronavirus drug remdesivir in 127 countries.
Such a deal would unite two of the drugmakers at the forefront of the industry's efforts to fight the new coronavirus and could be politically sensitive as governments seek control over potential vaccines or treatments.
Gilead Sciences' experimental drug Remdesivir has been found to aid in the recovery of COVID-19 patients.
Gilead Sciences, who is the patent holder of the drug, has the complete data about the pre-clinical and clinical studies for remdesivir, sources said.
But health access groups say the pacts mean cheaper forms of the drug may not become available in nations seen as non-profitable to the five drugmakers.
In one case, a fake email login page designed to steal passwords was sent in April to a top Gilead executive involved in legal and corporate affairs, according to an archived version on a website used to scan for malicious web addresses.
Japan reached the decision just three days after the US drugmaker filed for fast-track approval for the treatment.
There is a possibility of Indian companies becoming part of the consortium, in the past Gilead used voluntary licenses to rope in Indian cos to manufacture and launch HIV and hepatitis-C medications in low-middle-income countries (LMICs).
"We're working with the company to emphasize the necessity of speed while at the same time to understand the data," FDA Commissioner Stephen Hahn said.
Data from the Commerce Department said gross domestic product fell at a 4.8 percent annualized rate in the January-to-March period, while economists in a Reuters poll were expecting a contraction of 4 percent.
Remdesivir has been touted by many - including President Donald Trump - as one of the more promising potential treatments for the virus.
Moneycontrol's Shraddha Sharma talks to Prince Thomas to find out what drug companies are doing to find a cure for coronavirus.
Gilead warned that those (generic versions) medicines have not been approved for use in the countries into which they are imported.
The second annual 'Change the World' list is topped by UK's GlaxoSmithkline, followed by Israel-based IDE Technologies and American conglomerate General Electric at the second and third positions, respectively.
“The company has received approval for the generic version of ledipasvir + sofosbuvir combination from Drugs Controller General (India)â€, Natco Pharma said in a BSE filing today.
According to a press release issued by the Telangana government, Senior Director, South East Asia and Pacific, Aaron Brinkworth and Director, Government Affairs - Asia, Claudio Lilienfeld of Gilead Sciences met Chief Minister K Chandrasekhar Rao in camp office along with their team.
The injectable drugs, known as PCSK9 inhibitors, could cost an estimated USD 7,000 to USD 12,000 per year for each person using the drug.
In February this year, Gilead appointed Mylan as its exclusive distributor of Sovaldi in India. Mylan president Rajiv Malik said they have a history of partnering with Gilead to tackle key public health issues in India and around the world, beginning with expanding access to high quality and affordable HIV/AIDS antiretrovirals.