Ferozsons Laboratories announced on Wednesday that its subsidiary BF Biosciences Ltd (BFBL) has signed a non-exclusive license agreement with Gilead Sciences Inc for manufacturing and selling remdesivir — an experimental antiviral drug that is being used to treat coronavirus patients.

In a notice to the Pakistan Stock Exchange, the company said that Gilead had signed non-exclusive voluntary license agreements with five South Asian manufacturers, including Hetero Drugs, Jubilant Life, Cipla, Mylan and BFBL, to "manufacture remdesivir for distribution in 127 countries".

The company added that it was "confident" that the subsidiary would produce sufficient quantities of the drug to cater to the needs of Pakistan's Covid-19 patients as well as export it to other countries.

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