Normally used to treat malaria, hydroxychloroquine yielded promising yet inconclusive results in a small coronavirus trial
India’s Department of Pharmaceuticals and Ministry of External Affairs will decide on overseas allocations of the drug, an official said. India’s trade regulator, the Directorate General of Foreign Trade had on March 25 restricted the exports of hydroxychloroquine.exports of over two dozen drug formulation and active pharmaceutical ingredients — the chemicals that make a finished drug work — in a notification issued on April 6. These were earlier put in the restricted list.
“This decision was an ideal example of how trade equations will develop in the post-Covid-19 world, where food and medicines will increasingly become part of national security concerns,” Chatterjee said Tuesday. “In this case, India seems to have enough hydroxychloroquine to export on humanitarian grounds. But we may not see such generosity among nations for many drugs and food items going ahead.”
India is expecting a doubling of the domestic demand for the drugs, the official said, without giving details of current production numbers. He said the government has been assessing the quantities that can be exported while ensuring internal demand is met.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Odd number in India coronavirus testing data sparks questionsExperts baffled as government data on the difference between the number of overall samples tested and number of individuals tested remains exactly the same (890) for over a week in late March.
Read more »
Netflix Gives $1M To India Producers Guild Relief Fund & Commits Four Weeks Pay To Local CrewTwo weeks ago, Netflix established a $100M fund to back the global creative industry during the coronavirus crisis, and the company is beginning to outline how that money will be distributed. In In…
Read more »
PM Modi, lawmakers agree 30 percent salary cut as India deals with coronavirusIndian Prime Minister Narendra Modi and other top government figures will take a 30 percent salary cut this year, a government minister said on Monday, as the country tackles the coronavirus outbreak and its impact on the economy.
Read more »
Frontline doctors are being attacked in India due to fears they may be infectedCountries continue to battle the novel coronavirus as it infects more than 1.3 million around the world. Follow here for the latest news.
Read more »
India allows limited exports of anti-malaria drug after Trump warns of retaliationIndia allows limited exports of anti-malaria drug hydroxychloroquine, touted by Trump as a potential weapon in the coronavirus fight, after the U.S. president warned of retaliation if India didn’t withdraw a ban on exports neha_5 sanjeevmiglani
Read more »