29 September 2022 | Other

Merck allows Sinopharm to sell its coronavirus drug in China

On Wednesday, a statement was released by drugmaker Merck & Co, according to which the company will allow the Chinese company Sinopharm to distribute and import the COVID-19 antiviral drug molnupiravir on China’s territory in case of its approval. 

Merck & Co announced the signing of a framework cooperation agreement with Sinopharm, under which the Chinese pharmaceutical corporation is granted the right to distribute and exclusivity of the rights to import a medicinal product to the Chinese market.

In addition, according to this statement, China National Biotec Group, which is a subsidiary of Sinopharm, will receive permission to manufacture this drug in China. In order to assist in this production, a technology transfer agreement has been carried out by Merck & Co.

In the United States, the molnupiravir sale is carried out under the brand name Lagevrio. After the development of this drug, profits were shared in equal measure between Merck and its partner Ridgeback Biotherapys.

Until Paxlovid, developed by one of Merck & Co's main competitors, the pharmaceutical company Pfizer Inc, became more widely used in the US due to showing the best results in clinical trials, the antiviral drug molnupiravir was promoted as a possible game-changer in the treatment of coronavirus infection.

Company MarketCheese
Period: 19.06.2026 Expectation: 1400 pips
Investing in AUDUSD with 0.72750 in sight
Today at 10:41 AM 13
Period: 26.05.2026 Expectation: 2520 pips
Buying BTCUSD with $79,600 target as rebound odds grow
Today at 09:12 AM 10
Period: 26.05.2026 Expectation: 740 pips
Buying Brent crude with $118.40 target amid rising physical deficit
Today at 07:19 AM 11
Period: 19.06.2026 Expectation: 4500 pips
Invest in Tesla shares up to $450
Today at 06:47 AM 9
Period: 18.06.2026 Expectation: 6140 pips
Selling silver down to $70
Yesterday at 11:30 AM 29
Period: 30.06.2026 Expectation: 4500 pips
Go short on USDJPY with intervention zone in sight
Yesterday at 10:25 AM 36
Go to forecasts