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India set to ship drug sought by Trump for coronavirus [Reuters]

Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA) 
Last teva pharmaceutical industries limited american depositary shares earnings: 2/13 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ir.tevapharm.com
Company Research Source: Reuters
India set to ship drug sought by Trump for coronavirus NEW DELHI/AHMEDABAD (Reuters) - India is set to begin shipping the malaria drug hydroxychloroquine to the United States where President Donald Trump has touted it as a potential weapon against the coronavirus. “The first shipments should start next week,” said Sudarshan Jain, secretary general of Indian Pharmaceutical Alliance (IPA). India is the world’s largest producer of hydroxychloroquine but last month banned most exports to secure its own supplies, drawing warnings of retaliation from Trump. This week India allowed some exports of the drug and Trump has thanked New Delhi for the decision. Jain said companies in India are ramping up capacity to meet the U.S. demand, including Teva Pharmaceutical Industries, IPCA Laboratories and Cadila Healthcare. Cadila has increased production tenfold to 30 metric tonnes per month and is ready to produce more if needed, Managing Director Sharvil Patel told Reuters. Companies are ramping up Show less Read more
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