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Strides partners with Gilead to bring Hepatitis C cure to 91 developing countries
Source: IRIS | 15 Sep, 2014, 05.26PM
Rating: NAN / 5 stars.
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Strides Arcolab today announced that Gilead Sciences has licensed the company to produce generic sofosbuvir and investigational single tablet regimen of ledipasvir/sofosbuvir for treatment of chronic hepatitis C. This is for distribution to 91 developing countries including India, Egypt and Indonesia which are high burden countries.

Under the licensing agreements, Strides receives a complete technology transfer of the Gilead manufacturing process for both API and finished product. This will enable scale up production as quickly as possible, the company said.

Shares of the company gained Rs 10.55, or 1.44%, to settle at Rs 741.60. The total volume of shares traded was 78,531 at the BSE (Monday).

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