India's Glenmark to conduct trials for potential COVID-19 drug, shares jump [Reuters]
FUJIFILM HLDGS CORP ADR (FUJIY)
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Source: Reuters
India's Glenmark to conduct trials for potential COVID-19 drug, shares jump BENGALURU (Reuters) - Shares of Glenmark Pharmaceuticals Ltd ( GLEN.NS ) rose almost 9% on Thursday after the Indian drugmaker got an approval to conduct clinical trials with antiviral drug favipiravir, seen as a potential treatment for COVID-19. Favipiravir, manufactured under the brand name Avigan by a unit of Japan’s Fujifilm Holdings Corp ( 4901.T ) and approved for use as an anti-flu drug in the Asian island country in 2014, has been effective, with no obvious side-effects, in helping coronavirus patients recover, a Chinese official told reporters at a news conference last month. "After having successfully developed the API and the formulations ... Glenmark is all geared to immediately begin clinical trials on favipiravir on COVID-19 patients in India," Sushrut Kulkarni, executive vice-president for Global R&D, Glenmark Pharmaceuticals, said in a statement reut.rs/2VNF43h. The Drug Controller General
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