Logo
Tuesday, 23 April 2024
Thursday, 11 Jun 2020 05:00 pm

India lifts export ban on Trump-touted drug hydroxychloroquine

India has lifted an export ban on hydroxychloroquine, the anti-malarial drug touted by U.S. President Donald Trump as a potential “game changer” in the fight against the COVID-19 pandemic, a minister said late on Wednesday.

newsImage
 

Department of Pharmaceuticals has approved the lifting of ban on Export of Hydroxychloroquine API as well as formulations," India's minister for chemicals and fertilizers, Sadananda Gowda, said here on Twitter.

Manufacturers, except export-oriented units and those in special economic zones, would still have to supply 20% of their production to the domestic market, Gowda said.

The country, a leading exporter of generic medicines across the world, banned the export of the drug and its formulations in March as the coronavirus outbreak disrupted supply chains.

But India eased some of these restrictions in April and shipped 50 million tablets of the drug to the United States that month, Reuters reported.

Trump’s championing of hydroxychloroquine had initially raised expectations for the treatment, but conflicting reports of its efficacy have added to confusion about the decades-old drug.

British scientists last week halted a major trial after it found that the drug was “useless” at treating COVID-19 patients.

A Lancet medical journal study that found hydroxychloroquine increased the risk of death in COVID-19 patients was withdrawn a week after it led to major trials being halted.

Meanwhile, the World Health Organization said it will resume its trial of the drug for potential use against the novel coronavirus after those running the study briefly stopped giving it to new patients over health concerns.

Read here


Neha Pandey

Aware of her elements, Neha writes the best articles across industries including electronics & semiconductors, automotive & transportation and food & beverages. Being from the finance background she has the ability to understand the dynamics of every industry and analyze the news updates to form insightful articles. Neha is an energetic person interested in music, travel, and entertainment. Since past 5 years, she written extensively on sectors like technology, finance and healthcare.


Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
© The News and Media Division of The Insight Partners 2024 | All Rights Reserved | Privacy Policy