Home Business

Natco to release 1 mn doses of H1N1 drug

Hyderabad-based drug maker Natco Pharma Limited will be releasing into the market over 1 million doses (10 million tablets) of Natflu, its medicine for treatment of swine flu, by the end of next month. - Natco expecting Rs 600-cr turnover by this fiscal end - Natco to release 1 mn Natflu doses by Oct end - Natco Pharma launches anti-swine flu drug, Natflu - Natco to release 1 mn Natflu doses by Oct end - Obama announces plan to expand fight against swine flu - 40% of swine flu patients young and healthy: WHO With H1N1 virus spreading in the country, “We will be required to supply at least 1 million doses of Natflu by the end of October,” Natco director and chief financial officer, P Bhaskara Narayana, said adding that the cost of each dose was pegged at Rs 480. Natco has so far released into the market 125,000 doses of Natflu, which are currently available in 33 medical shops, including 25 MedPlus shops, in Hyderabad. “The drug will be now made available throughout the city within a week and in 500-600 medical shops across the country by October 15,” Narayana told mediapersons. He said Natco would also be launching paediatric doses (in syrup form) of Natflu in 45 days. At present, the company is supplying only 75 mg Natflu tablets, which is basically an adult dosage. Narayana explained that the price of a Natflu tablet was about Rs 3 higher than that of the competitor’s drug because of improved package in an air-tight container. The company’s package would enhance the shelf life of the drug by one year. Natco, however, is supplying Natflu to the government at Rs 275 a dose. Narayana said this was possible as the supplies meant for government does not include taxes and distributor’s margin. Natflu is being produced at the company’s US Food and Drug Administration approved facility near here. “It has adequate capacity and we can meet whatever is the demand for the drug,” Narayana said. Natco has tied up with an overseas company and also a domestic outfit for supply of raw material.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business
News of the day
BSE to introduce new corporate debt market platform next week
The Bombay Stock Exchange (BSE) will introduce a secured settlement platform for the Rs 1,500 crore Indian Corporate Debt Market (ICDM) next week.
Popular Articles
payday loans no faxing

Auto component makers go slow on new investments
Despite the surge in automobile sales in recent months and new vehicle development programmes of car makers, auto component makers are wary of committing further investments in building new capacities. They have adopted a wait-and-watch attitude to see if the demand sustains. “Component makers are investing with caution and moving in a phased manner. They are not adding capacity in big strides, like a few years ago, but only incrementally,” said Ashok Taneja, president, Shriram Pistons.

Currency futures posts record volumes
The domestic exchange traded currency futures on Wednesday witnessed the highest turnover since its launch last year. The combined turnover on the MCX Stock Exchange (MCX-SX) and the National Stock Exchange (NSE), the two exchanges where currency futures are traded, was a record Rs 29,194 crore.

© Copyright 2009