India buys 300,000 doses of Remdesivir from Egypt

(Shutterstock)
Short Url
Updated 11 May 2021
Follow

India buys 300,000 doses of Remdesivir from Egypt

  • The shipments came as part of Egypt’s support and solidarity with friendly countries

CAIRO: India has bought 300,000 doses of the Remdesivir drug from Egypt’s Eva Pharma company as it grapples with a coronavirus crisis.

The Indian Embassy in Cairo on Monday signed an agreement to procure 300,000 doses of the drug that is used to treat coronavirus infections.

The signing ceremony was attended by Indian envoy Ajit Gupte and Riad Armanious, CEO of Eva Pharma.

It was held at the embassy of India in Cairo, with the embassy acting on behalf of India’s Ministry of Health and Family Welfare.

Gupte thanked Egyptian President Abdel Fattah El-Sisi and Prime Minister Mostafa Madbouly for directing relevant Egyptian authorities to cooperate with India in the medical emergency.

He expressed confidence in Remdesivir to effectively heal of tens of thousands of coronavirus patients.

Gupte praised the keenness of the Egyptian state and Egyptian national institutions to support India.

He said that the sale of the drug will play a “crucial” role in India’s fight against coronavirus. The country is expected to receive doses quickly over the next few days, according to the Middle East News Agency.

Armanious affirmed his confidence in Remdesivir speeding up the recovery of Indian coronavirus patients.

He said that the drug prevents the virus from reproducing inside the cells of the human body and stops its spread, which will reduce death rates in India.

Armanious added that the drug has achieved “great success” across several continents after it was exported to a large number of countries.

Meanwhile, on Sunday, Egypt’s Ministry of Health and Population sent three military aircraft to India loaded with large quantities of medical aid.

The shipments came as part of Egypt’s support and solidarity with friendly countries, and implements the directives of El-Sisi, an official statement said.

India is experiencing a second wave of COVID-19, with high rates of infections and deaths amid an acute shortage of medicine, medical supplies, and prevention and protection tools.


Australia to spend $2.8 billion on new nuclear submarines facility

Updated 7 sec ago
Follow

Australia to spend $2.8 billion on new nuclear submarines facility

  • Nuclear submarines to be built under the tripartite AUKUS security pact with Britain and the US
  • The AUKUS pact aims to arm Australia with a fleet of cutting-edge submarines from the US
SYDNEY: Australia unveiled AU$3.9 billion ($2.8 billion) in spending on Sunday as a “down payment” on a new facility that will build nuclear submarines under the tripartite AUKUS security pact with Britain and the United States.
The AUKUS pact aims to arm Australia with a fleet of cutting-edge submarines from the United States and would provide for cooperation in developing an array of warfare technologies.
The investment in the Submarine Construction Yard at Osborne, near the southern city of Adelaide, “is critical to delivering Australia’s conventionally-armed, nuclear-powered submarines,” Prime Minister Anthony Albanese said in a statement.
In the long term, an estimated AU$30 billion is expected to be spent on the facility.
The submarines, the sale of which will begin in 2032, lie at the heart of Australia’s strategy of improving its long-range strike capabilities in the Pacific, particularly against China.
The deal could cost Canberra up to $235 billion over the next 30 years and also includes the technology to build its own vessels in the future.
Australian defense minister Richard Marles said the new facility would be at the heart of that.
“The transformation underway at Osborne shows Australia is on track to deliver the sovereign capability to build our nuclear-powered submarines for decades to come,” he said.
Australia had a major bust-up with France in 2021 when it canceled a multi-billion-dollar deal to buy a fleet of diesel-powered submarines from Paris and go with the AUKUS program instead.