Dr Reddy's partnership with Lilly comes at a critical juncture in the fight against the pandemic in India and adds to the company’s existing range of COVID-19 therapeutics covering the full spectrum from mild to moderate and severe conditions of the disease, and a vaccine.
Deepak Sapra, Chief Executive Officer, API and Services, Dr Reddy’s Laboratories, said, "From the start, we have been determined to explore every possible avenue against COVID-19. Our collaboration with Lilly will help us make yet another treatment option available to patients in India.”
As per the regulatory filing, the drug baricitinib has received restricted emergency use approval from the Central Drugs Standard Control Organization (CDSCO), Ministry of Health, India, for use in combination with remdesivir for the treatment of suspected or laboratory-confirmed COVID-19 in hospitalized adults requiring supplemental oxygen, invasive mechanical ventilation, or extracorporeal membrane oxygenation (ECMO).
At around 1.48 pm, Dr Reddy's Lab was trading at Rs5302.05 per piece up by Rs8.45 or 0.16% on Sensex.