New Delhi: The CPI (M) has called upon the government to invoke Clause 92 of the Patents Act and issue a compulsory license to manufacturers to produce the generic version of Remdesivir used for treating coronavirus patients, given that the drug was too expensive for common people.
A statement by the Left party said the government should work towards breaking the patent monopoly of Gilead Sciences and accused the company of holding the world to ransom by asking a price; hundreds times its cost.
It said while Gilead Sciences' anti-viral drug Remdesivir has shown efficacy in treating coronavirus patients, media reports indicated that the US has bought the entire stock of the drug from the company for the next three months.
It also said that the price of Remdesivir in the United States is USD 3,000 or Rs 2.25 lakh for a five-day course.
Five Indian companies are in negotiations for manufacturing Remdesivir under Gilead's license. After manufacturing in India, Remdesivir will be sold at a concessional price of USD 400 or Rs 30,000-35,000 for the same five-day course, the party said in the statement.
The cost of manufacturing Remdesivir for a full course as worked out by experts is less than USD 10 or Rs 750 in the US, and about Rs 100 in India. Gilead, by virtue of its patent monopoly, is holding the world to ransom by asking a price that is hundreds of times its cost, the statement said.