Chloroquine disappears from drug stores in Indore
As per the initial study, chloroquine treatment of COVID-19 patients had clinical and virologic benefit versus a comparison group. Chloroquine was added as a recommended antiviral for treatment of COVID-19, though clinical trials is still going on.
Chloroquine, an anti-malarial drug, has now become the most sought after medicine after reports emerged that it is proving effective in the fight against coronavirus.
It is being claimed that chloroquine has disappeared from the drug stores in Indore and some even claim that the drug is being supplied to the United States.
As per the initial study, chloroquine treatment of COVID-19 patients had clinical and virologic benefit versus a comparison group. Chloroquine was added as a recommended antiviral for treatment of COVID-19, though clinical trials is still going on.
Sources said that pharmaceutical company Ipca Laboratories share price surged over 12 percent on Monday after the United States Food and Drug Administration (US FDA) partially lifted the import ban on chloroquine supply. Ipca Laboratories manufactures chloroquine. It has also informed the BSE and the NSE about the demand for the drug in the US.
It has said in the filing to the exchanges that due to the shortage implications or medical necessity of certain drugs and finished products, the FDA has made an exception to the import of the company`s Active Pharmaceutical Ingredients (APIs) and finished products including Hydroxychloroquine Sulphate and Chloroquine Phosphate produced at the Company`s manufacturing units.
Watch Zee Business live TV below:
The president of Indore Drug Association told IANS, "it is true that this drug is not available over the counter in Indore."
However, Ipca lab refused to answer queries on the US demand for the drug saying it is a corporate matter.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Retirement Planning: In how many years your Rs 25K monthly SIP investment will grow to Rs 8.8 cr | See calculations
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
Top 7 Mid Cap Mutual Funds With up to 41% SIP Returns in 5 Years: No 1 fund has converted Rs 15,000 monthly investment into Rs 23,84,990
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
06:04 PM IST