AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,629 Increased By 103 (1.37%)
BR30 24,842 Increased By 192.5 (0.78%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)

KARACHI: The Pakistani pharmaceutical company, Remington Pharmaceuticals, has been granted licenses to develop, manufacture, and supply generic versions of the world’s first two oral treatments for COVID-19 by Medicines Patent Pool (MPP), making it the first and only Pakistani company to receive the prestigious global authorization.

Under the said license from MPP, Remington Pharma will be manufacturing generic versions of the molnupiravir 200mg Capsules (RLD: Lagevrio, Merck & Co.) to 105 countries and nirmatrelvir/ ritonavir (RLD: PAXLOVID™, Pfizer) with the approval and authorization from MPP to supply in Pakistan and export to 95 countries.

Commenting on the occasion, Dr. Abdul Qadeer Khokhar, Chairman, Remington Pharmaceuticals said, “Remington Pharmaceu-ticals has been at the forefront of supplying quality-assured, cost-effective medicines in Pakistan and to other low- and middle-income countries for over 40 years, and now this is a step towards taking our efforts truly global. After recently becoming the first nationally-owned pharmaceutical company to attain the World Health Organization (WHO) Prequalification (Geneva HQ), this is another moment of pride for us that Remington Pharmaceuticals has become the only pharmaceutical company from Pakistan to receive these global supply licenses by standing in a race where majority of the other licensees are from India.”

With the presence of the licensed generic product at affordable prices, we as a country should take this as an opportunity to move towards promoting research in the country. This will surely bring Pakistan on the map of global drug development research.

Remington Pharma has already obtained the formulation of Transfer of Technology, from the originators, for the development and manufacturing generic versions of the revolutionary treatments against COVID-19.

Copyright Business Recorder, 2022

Comments

Comments are closed.