Japan Approves Antiviral Remdesivir For Covid-19
"); jQuery("#212 h3").html("

"); });
2020-05-08 HKT 01:16
Japan on Thursday authorised the antiviral drug remdesivir to treat coronavirus patients, the government said, with an eye to approving another medication, Avigan, this month.
This makes Japan the second country to approve the drug after US regulators authorised it on Friday for emergency use against severe cases of Covid-19.
"Remdesivir was approved under exceptional measures," a health, labour and welfare ministry official said. "It was our country's first such approval for the treatment of coronavirus patients."
Prime Minister Shinzo Abe said last week the government was getting ready to give a speedy green light to the experimental drug developed by US firm Gilead Sciences.
The US go-ahead came after a major clinical trial showed remdesivir – originally developed to treat Ebola – shortened the time to recovery in some patients by a third.
The difference in mortality rate was not statistically significant.
Remdesivir, which is administered by injection, was already available to some patients who enrolled in clinical trials around the world. Hong Kong's Hospital Authority was among those to receive doses of the drug for trials.
"The Japanese approval of remdesivir is in recognition of the urgent need to treat critically ill patients in Japan. It is a reflection of the exceptional circumstances of this pandemic," said Merdad Parsey, chief medical officer at Gilead Sciences.
Remdesivir incorporates itself into the virus's genome, short-circuiting its replication process.
The Gilead statement noted that clinical trials are ongoing to evaluate the safety and efficacy of remdesivir for the treatment of Covid-19.
As for Avigan, developed by Japanese firm Fujifilm Toyama Chemical, top government spokesman Yoshihide Suga said the government "aims to approve it this month" if a clinical trial involving 100 patients proves effective.
The drug, whose generic name is favipiravir, was approved for use in Japan in 2014 but only in flu outbreaks that are not being effectively addressed by existing medications.
It is not available on the market and can only be manufactured and distributed at the request of the Japanese government. (AFP)
Chinese Regulator Approves Citis Plan For Its Own Securities Firm
Citi has received approval from the China Securities Regulatory Commission (CSRC) to set up a wholly owned capital mark... Read more
HSBC RedCoin Debuts On PayMe With Wider Stablecoin Rollout Planned
HSBC has launched HSBC RedCoin, its first stablecoin, on the PayMe mobile payment app in Hong Kong. Denominated in Hong... Read more
Unlimit Joins Hong Kong Governments Strategic Enterprise Partners
Unlimit has signed a partnership agreement with the Hong Kong Government, which named the global financial infrastructu... Read more
Is Your Crypto Safe If Your Custodian Goes Bankrupt?
No institution moves into digital assets until it knows who will hold them and what happens to those assets if that cus... Read more
EleBank Opens First Physical Store In Hong Kong
Hong Kong digital bank EleBank has opened its first physical store in Causeway Bay as it expands beyond online banking ... Read more
Taiwan Blocks Grabs US$600 Million Foodpanda Acquisition
Taiwan’s Fair Trade Commission (FTC) has blocked Grab’s proposed US$600 million acquisition of Delivery Hero’s fo... Read more
