Gilead told the FT that in India the price of the drug and the terms of supply are negotiated by the US company Viatris, which stated the drug was "complex" and "involves an exceptionally long cycle time to produce" and it is even more critical due to the sudden rise in demand".
If you are planning to purchase the coronavirus vaccine, there is some good news for you. Finance Minister Nirmala Sitharaman has said that there is no change in the price of the Covid-19 vaccine.
Shares of Bajaj Healthcare rose on Friday's trading session following the launch of the drug for the treatment of black fungus infection in Covid-19 patients.
The PM Modi government has launched a campaign to combat the shortage of medicine for the Black Fungus or Mucoramycosis infection. Prime Minister Narendra Modi has taken the responsibility of arranging the drug for black fungus which has taken the form of an epidemic after the coronavirus pandemic.
Amidst growing cases of black fungus infection in the state, Telangana Chief Minister K Chandrasekhar Rao has directed the authorities to increase specific beds for the treatment of the disease.
The government has come out with a public advisory regarding the growing cases of black fungus disease amidst the coronavirus pandemic.
Shares of the Natco Pharma hit a new 52-week high following the approval of the production of drugs used in the treatment of Mucormycosis by the Drug Controller General of India.
Already, the black fungus has created a new problem in front of the people after coronavirus. This fungal infection reaching the brain through the nasal passages is taking away the light of human eyes.
Despite the disease not being contagious, more cases of Black Fungus are being reported in India, Dr Guleria said, citing that a large portion of country is diabetic, among whom the infection rate is higher.
Taking note of the sudden rise in the number of black fungus cases, the Centre said the states must remain prepared to tackle "secondary and opportunistic fungal infections which are getting amplified due to the present surge in Covid cases".