Bangladesh company offering cheap copy of Gilead's blockbuster hep C drug
Mumbai
A US$10 version of Sovaldi, the Gilead Sciences Inc hepatitis C treatment that sells for US$1,000 a pill in the US, is now available in Bangladesh and could make its way to other parts of the world where the US company doesn't have patents.
Incepta Pharmaceuticals Ltd doesn't have a licence from Gilead and its version was launched last month, said managing director Abdul Muktadir. The company also aims to sell the drug overseas, including to parts of South-east Asia and Africa.
The generic drugmaker has beaten to the market a number of larger Indian competitors that were licensed by Gilead to produce low-cost versions of S…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
France's Casino supermarket chain to axe up to 3,200 jobs
Prada outshines rivals with 16% revenue lift boosted by Miu Miu
Toymaker Hasbro posts quarterly profit beat, slower sales decline
Hilton lifts 2024 profit forecast on international travel demand
China knockoff raid jolts a global throng of fake-fashion influencers
Roche cuts pipeline after research setbacks and sales drop