IT officials conduct raids at offices, houses of Hetero Pharma officials in Hyderabad

Hyderabad: Income Tax sleuths have conducted out raids at the offices and houses of Hetero Pharma officials here on Wednesday.
According to a highly-placed sources here, simultaneous searches were held at the offices, residences of some Hetero Group officials and also at the manufacturing centres of the company.
The raids were continuing at the all places including at residences of Hetero CEO and Directors. however, the details with regard to the raids were not available.
Hetero is the first company in the country which had earlier launched the generic version of Remdesivir injection ‘ COVIFOR’, used to treat hospitalization cases.
In July last year, the company launched its version of the antiviral drug Favipiravir under the brand name Favivir, after getting approval from Drugs Controller General of India (DCGI), and used in the treatment of mild to moderate COVID-19 patients.
On November 27, 2020, Hetero Labs signed an agreement with the Russian Direct Investment Fund (RDIF) to manufacture 100 million doses of the Sputnik V vaccine.
Hetero Drugs is an Indian pharmaceutical company and the world’s largest producer of anti-retroviral drugs. Hetero’s business includes APIs, generics, biosimilars, custom pharmaceutical services, and branded generics.
Hetero has supplied antiretroviral drugs to patients across more than 100 countries globally and today, Oseltamivir, sold under its brand name ‘Fluvir’ , is also indicated for A[H1N1] virus, also known as swine flu.
Hetero also produces hepatitis C antivirals such as Sofovir (sofosbuvir) and Ledifos (a fixed-dose combination of sofosbuvir and ledipasvir).
Hetero has over 36 advanced manufacturing facilities strategically located across the world – including India, USA, China, Russia, Egypt, Mexico and Indonesia.
Hetero Chemical Complex is Asia’s largest manufacturing SEZ Complex for APIs which houses more than 1000 reactors and is spread over 500 acres near Visakhapatnam in Andhra Pradesh.
UNI