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Biocon to launch drug for Covid-19 patients; at the price of Rs 8,000 per bottle
The company has received approval from the Comptroller General of India (DCGI) to market an itolizumab 25 mg / 5 ml injection solution for emergency use in India for the treatment of release syndrome of cytokines in moderate to severe acute respiratory distress syndrome (ARDS) due to Covid-19.
Itolizumab is the first new biological therapy to be approved worldwide for the treatment of patients with moderate to severe complications of Covid-19, Biocon previously stated in a regulatory dossier.
“Until the vaccine arrives, we certainly need life-saving medicines. I think what we are doing around the world is seeing how we can reuse medicines or develop new medicines to treat this pandemic “said Kiran Mazumdar-Shaw, Executive Chairman of Biocon. a virtual press conference.
Even if we get a vaccine by the end of this year or early next year, there is no guarantee that there will be no reinfection, there is no guarantee that it will work the way we expect it to work, so we need to be in a state of readiness, she added.
“When Covid happened, we said it actually gives us a very strong case to try it (Itolizumab) for Covid, because we think the unique mechanism of action it has can help us weather this storm that we have seen kill patients, ” said Mazumdar-Shaw.
Itolizumab is approved for moderate to severe acute respiratory distress syndrome (ARDS) due to Covid-19, she added.
The cost of the bottle is Rs 7,950. Since most patients need 4 vials, the cost of therapy is around 32,000 rupees, said Mazumdar-Shaw.
When asked if the company was increasing its capacity to manufacture more vials due to the pandemic, she said, “We have the manufacturing capacity and the supply and distribution network in place, but after that approval, we are looking to increase production capacity to meet the expected increase in demand. Our goal is to reach more patients across the country. ”
The drug will be manufactured and formulated as an intravenous injection at the company’s bioproduction facilities at Biocon Park, Bangalore.
Asked about the measures the company is taking to ensure the availability of the drug, Mazumdar-Shaw said: “Alzumab is already on the market, we will supply hospitals according to protocol against a medical prescription and a patient consent form “There is currently a huge demand and Biocon wants to make sure that itolizumab reaches the patients who need it most first.”
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