Ipca Laboratories on Friday said it has entered into an agreement with Medicines for Malaria Venture to jointly develop a novel antimalarial co-formulation Atoguanil, which contains the active pharmaceutical ingredients atovaquone and proguanil.
“Today, the manufacturing cost of atovaquone is believed to pose a barrier to widespread use of atovaquone-proguanil based products in malaria-endemic countries,” it added. Shareholders will closely monitor the developments.