Natco to release one million doses of H1N1 drug

Natco Pharma will be releasing into the market over 1 million doses (10 million tablets) of Natflu, its medicine for treatment of swine flu, by the end of next month, reports Business Standard.

The company said with H1N1 virus spreading in the country they will be required to supply at least 1 million doses of Natflu by the end of October.

The cost of each dose was pegged at Rs 480. Natco has so far released into the market 125,000 doses of Natflu, which are currently available in 33 medical shops, including 25 MedPlus shops, in Hyderabad.

The drug will be now made available throughout the city within a week and in 500-600 medical shops across the country by October 15.

Natco would also be launching pediatric doses (in syrup form) of Natflu in 45 days. At present, the company is supplying only 75 mg Natflu tablets, which is basically an adult dosage.

Shares of the company closed down Rs 1.15, or 0.84%, at Rs 135.60. The total volume of shares traded at the BSE was 410,862 (Thursday).

via IRIS