NEW DELHI: Drug major
Cipla
on Wednesday said it signed a licensing agreement with a Belgium-based MultiG for the distribution of their
Covid-19 rapid antibody test kit
, across most emerging markets and Europe.
This licensing agreement is part of Cipla's efforts to enhance
global access
to life-saving treatments and diagnostic infrastructure for patients in need, the company said in a regulatory filing.
"As part of this agreement, Cipla will be responsible for distribution of the Covid-19 rapid antibody kit that will be manufactured by MultiG" the company added.
Coronavirus outbreak: Live updatesMultiG's rapid antibody kit is marketed under the brand name '
Covi-G
'.
Cipla said MultiG rapid antibody kit has been commercialised in over 20 countries already, with sensitivity and specificity exceeding 92 per cent.
Cipla said its expansive reach, network and partnerships with public health authorities as well as private institutions will help in ensuring the seamless access of these kits across over 25 markets in Asia, Middle-East and North Africa, Latin America, EU and Australia.
Shares of Cipla were trading 0.20 per cent lower at Rs 741 apiece on BSE.
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