Centre decides to increase production of Remdesivir, reduction in price too

The current total installed capacity of the seven manufacturers of Remdesivir is 38.80 lakh vials per month.

April 15, 2021 4:43 IST India Infoline News Service

The Ministry of Chemicals and Fertilizers has announced that the government has decided to increase production/supply and reduce the prices of Remdesivir. The current total installed capacity of the seven manufacturers of Remdesivir is 38.80 lakh vials per month.

The ministry said, "fast-track approval has been given for seven additional sites having the production capacity of 10 Lakh vials /month to six manufacturers. Another 30 lakh vials/month production is lined up. This would ramp up the production capacity for manufacturing to around 78 lakh vials/month."

Also, an additional measure, Remdesivir, API and formulation were placed under the Export ban on 11.04.2021by DGFT to increase the supply of Remdesivir in the Domestic Market. On Government intervention, Remdesivir supplies of approximately 4 lakh vials meant for Export is being diverted by manufacturers to fulfil the domestic requirement. EOU/SEZ units are also being enabled to supply to the domestic market.

Further, the ministry highlighted that manufacturers of Remdesivir have volunteered to reduce the price to less than Rs 3500 by the end of this week, to support the efforts of  Prime Minister Narendra Modi, to Fight against COVID.

"Manufactures of Remdesivir have been directed to give priority to fulfil hospital/institutional level supplies," the ministry said.

Moreover, Enforcement Authorities of States and Central Govt. has been directed by DCGI to take immediate action on the incidence of black-marketing, hoarding and overcharging of Remdesivir.

National Pharmaceutical Pricing Authority (NPPA) is continuously monitoring the availability of  Remdesivir.

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