Russia's RDIF backs ChemRar for the production of favipiravir against COVID-19
The Russian Direct Investment Fund (RDIF), Russia's sovereign wealth fund specializing in equity investments in the high-tech sector, together with the local drugmaker ChemRar Group, will start the production of a new drug designed for treatment of COVID-19, according to the companies, reports The Pharma Letter’s local correspondent.
This will be an analogue of the drug favipiravir, trade name Avigan, which was initially developed by Fujifilm Holdings (TYO: 4901) and was approved for the treatment of influenza in Japan in 2015.
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