Posted on 03/19/2020 6:23:16 PM PDT by SeekAndFind
Teva Pharmaceutical Industries Ltd. (nyse and tase:TEVA) announced today the immediate donation of more than 6 million doses of hydroxychloroquine sulfate tablets through wholesalers to hospitals across the U.S. to meet the urgent demand for the medicine as an investigational target to treat COVID-19. The company is also looking at additional ways to address the global need.
“We are committed to helping to supply as many tablets as possible as demand for this treatment accelerates at no cost,” said Brendan O’Grady, Teva Executive Vice President, North America Commercial. “Immediately upon learning of the potential benefit of hyroxychloroquine, Teva began to assess supply and to urgently acquire additional ingredients to make more product while arranging for all of what we had to be distributed immediately.”
Additional production of hydroxychloroquine sulfate tablets is also being assessed and subsequently ramped up with materials that are being sent to Teva from our ingredient supplier. Teva will ship 6 Million tablets through wholesalers to hospitals by March 31, and more than 10 Million within a month.
Hydroxychloroquine sulfate tablets manufactured by Teva are approved by U.S. Food and Drug Administration (FDA) for the treatment of malaria, lupus erythematosus and rheumatoid arthritis. Although the product is not currently approved for use in the treatment of COVID-19, it is currently under investigation for efficacy against the coronavirus and has been requested by US government officials to be made available for use immediately. The Company is also reviewing supply of both hydroxychloroquine and chloroquine globally to determine whether there are additional supply and access opportunities for patients.
Teva is also actively looking across its expansive range of products to determine if the company can help to provide any other products that may be relevant in addressing acute and substantial need during the COVID-19 crisis.
(Excerpt) Read more at marketwatch.com ...
ABOUT TEVA
Teva Pharmaceutical Industries Ltd. (nyse and tase:TEVA) has been developing and producing medicines to improve people’s lives for more than a century. We are a global leader in generic and specialty medicines with a portfolio consisting of over 3,500 products in nearly every therapeutic area. Around 200 million people around the world take a Teva medicine every day, and are served by one of the largest and most complex supply chains in the pharmaceutical industry. Along with our established presence in generics, we have significant innovative research and operations supporting our growing portfolio of specialty and biopharmaceutical products. Learn more at http://www.tevapharm.com.
I made a shitpot full of money with this company about 15y ago.
If it was American, they would have said.
“Potential” is the key word.
But if it shows promise it’s better than nothing.
Ping
Teva was founded and is based in Israel.
Wonder if al the jew-haters would prefer to dies from the virus
I do not know about this drug, but ironically the largest supplier of raw material pharmaceuticals in Europe, is Italy. And even more ironic is that many of these pharmaceutical producer are in the Milan area.
The French? Trial said it made major difference when combined with other antibiotics.
I am in the high risk group and this company’s actions might save my life if I can avoid it long enough for hospitals to have it available.
Why not?
RE: I keep looking for the results of the use of hydroxychloroquine in a large number of COVID-19 patients in Italy, and I keep not finding that info.
The main places where hydroxychloroquine has been tested are China ( early on ), South Korea, Japan and later France and the USA.
By next week Italy may be handing out hydroxychloroquine pills like candy.
And the week after that, we may hear about hydroxychloroquine-resistant COVID-19.
If you’d like to be on or off, please FR mail me.
..................
Not tomorrow, but there is hydroxychloroquine resistant malaria in many parts of the world.
Shalom!
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