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Thursday, December 30, 2021

Russia extends production of COVID-19 drug remdesivir without patent for a year

 The Russian government extended on Thursday its approval for drugmaker Pharmasyntez to produce a generic version of U.S. anti-COVID-19 drug remdesivir without a patent for one year, citing the need to protect its citizens.

Pharmasyntez asked the Kremlin to allow it to produce a generic version of U.S. COVID-19 drug remdesivir in November 2020 without consent from U.S. company Gilead Sciences that holds the patent.

Russia's Supreme Court in May rejected a lawsuit from Gilead Sciences that challenged the decision to let Pharmasyntez develop and market remdesivir.

The governmental decree published on Thursday said Pharmasyntez has to pay compensation to the drug's patent-holder, without specifying the amount.

Pharmasyntez produces remdesivir under the name Remdeform. A shipment of the drug was sent by Russia to India as part of a delivery of humanitarian aid.

https://www.marketscreener.com/quote/stock/GILEAD-SCIENCES-INC-4876/news/Russia-extends-production-of-COVID-19-drug-remdesivir-without-patent-for-a-year-37442826/

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