Gilead targets two million remdesivir courses by year-end

FOSTER CITY, California: Gilead Sciences Inc expects supply of its potential COVID-19 drug remdesivir to exceed two million courses by year-end, the company said on Monday (Jun 22), more than double its previous target of 1 million.

The company also said it planned to start trials of an easier-to-use inhaled version of the antiviral drug, currently administered only intravenously, by August.

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Remdesivir is at the forefront in the fight against the virus after the drug helped shorten hospital recovery times in a clinical trial. But producing and supplying billions of doses remain major concerns as the fast-spreading respiratory illness overwhelms healthcare systems around the world.

"We will continue to collaborate globally to ensure sufficient worldwide supply," Gilead Chief Executive Officer Daniel O'Day said in a statement.

Two major Indian drugmakers – Hetero Labs and Cipla Ltd – on Sunday gained approval to begin selling their generic versions of remdesivir in the country. Another Indian drugmaker Glenmark expects the treatment to be priced at 5,000 to 6,000 rupees (US$66-US$79) for a 100 milligram dose.

Remdesivir has not been priced yet in the United States.

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Gilead's expectations of two million courses suggests sales of between US$2 billion and US$3 billion between 2020 and 2021 at a price of US$1,000 to US$2,000 per course, according to Jefferies analyst Michael Yee.

Gilead had previously said it expected to produce one million courses of remdesivir by 2020.

The company also announced plans for a "next wave of clinical trials", including studies in pregnant women.

Gilead said an inhaled formulation of the drug would be given tRead More – Source