CDSCO Current Affairs - 2020
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A Pune based testing services MyLab has become the first Indian company to get an commercial approval from CDSCO for the sales of COVID-19 testing kits sale.
About the Kit
The kit was developed by MyLab testing services. The testing time of COVID-19 in current lab testing services is 4 hours. However, MyLAb’s testing time is 2 ½ hours. The laboratory is to sell the kits at Rs 1,200 to Rs 1,500 per test. Currently, the Government of India has fixed the cap price of COVID-19 as Rs 4,500. No laboratory in India can charge more than this fixed amount to test the COVID-19. The move was made after the Indian Government allowed the private organizations to test for the virus.
A single kit can study 1000 samples. The testing methodology adopted have been validated by National Institute of Virology. The kits are based on Reverse Transcription Polymerase Chain reaction
Currently, India ranks lowest in testing of COVID-19 virus. Currently India is testing only 15 people in 1 million.
Tags: CDSCO • Corona Virus • COVID-19 • COVID-19 testing • diagnostic kits
On February 24, 2020, the US President Donald Trump visited India along with his wife Melania Trump. On the sidelines of his visit, agreements were signed in the field of health, oil and defence.
In the Defence Sector, 3 billion USD worth deal was signed to buy helicopters. The Memorandum of Understandings were signed in the field of oil and health. In the field of health, Central Drugs Standard Control Organization and the US Food and Drug Administration signed agreements over the safety of medical products.
Significance of MoU with USFDA
It is essential to be on good equations with the USFDA and also abide by its regulations. This is because, the pharmaceutical exports to USA require USFDA certification. And US is the top export destination of Pharmaceuticals for India. In 2018-19, around 5820 million USD worth pharmaceuticals were exported to US from India.
The signing of this MoU will help the pharmaceuticals increase their exports to US.
An MoU was also signed between the mental health departments of the countries. The countries also signed a letter of cooperation in the field of Oil.
Tags: CDSCO • India-US • Memorandum of Understanding (MoU) • Mental Health • Oil and Gas Sector