Natco Pharma Ltd.

BSE: 524816 | NSE: NATCOPHARM
Small Cap | Pharmaceuticals & Drugs
927.15
3.50 (0.38%)
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Natco Pharma signs non-exclusive licenses agreement with Medicines Patent Pool

Date: 20-01-2022

Natco Pharma has signed a non-exclusive licenses agreement with the Medicines Patent Pool (MPP), Switzerland. MPP had taken license from Merck Sharp & Dohme Corp. (MSD), USA for the same.

The company with this license agreement can manufacture and sell molnupiravir Capsules 200 mg. for Indian market, which will be sold under brand name MOLNUNAT for treatment of Covid 19 infection with Sp02>93% and who have high risk of progression of the disease including hospitalization or death.

This agreement allows the company to expand access to Covid-19 medicines in 105 countries in generic name. Under the license, Natco can set its own price for the generic products it produces, paying a royalty on sales to MSD. MSD, Ridgeback Biotherapeutics and Emory University will not receive royalties for sales of molnupiravir under this agreement for as long as COVID-19 remains classified as a Public Health Emergency of International Concern by the World Health Organization.

Natco Pharma was promoted as a private company to be in the business of research, developing, manufacturing and marketing of pharmaceutical substances and finished dosage forms for Indian and International markets.