IBOV 177,404 ▲ 2.70% IPSA 10,977 ▼ 0.44% IPC MEX 66,689 ▲ 0.88% MERVAL 3,251,077 ▲ 1.52% COLCAP 2,291.02 ▼ 0.08% BVL PERÚ 56,194.27 ▲ 1.39% USD/BRL5.11▼ 0.18% USD/MXN17.49▼ 0.35% USD/CLP924.62▼ 0.33% USD/COP3,246▼ 2.90% USD/PEN3.39▼ 0.18% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.09% BRENT 75.90 ▼ 0.52% WTI 71.28 ▼ 1.11% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.04% GOLD 4,112 ▼ 0.44% SILVER 60.00 ▼ 0.63% SOY 1,192 ▲ 1.04% CORN 461.50 ▲ 7.89% WHEAT 641.25 ▲ 4.91% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.23 ▼ 0.81% PETR4 39.52 ▲ 0.79% VALE3 74.43 ▲ 1.75% ITUB4 44.10 ▲ 3.55% BBDC4 18.76 ▲ 4.22% ABEV3 15.89 ▲ 1.08% BBAS3 20.56 ▲ 2.80% B3SA3 15.46 ▲ 4.53% WEGE3 46.47 ▲ 1.60% PRIO3 55.40 ▼ 0.38% SUZB3 41.47 ▲ 1.07% RENT3 40.82 ▲ 3.60% AZZA3 19.26 ▲ 4.33% CSAN3 4.02 ▲ 4.15% RAIZ4 0.37 — 0.00% PCAR3 2.77 ▲ 0.36% GMAT3 3.96 ▲ 0.76% PSSA3 54.50 ▲ 2.16% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.04 ▲ 1.81% NATU3 8.56 ▲ 1.18% BRKM5 6.54 ▲ 2.83% RANI3 8.01 ▲ 1.91% CSNA3 5.17 ▲ 7.71% CMIN3 5.10 ▲ 5.59% USIM5 8.44 ▲ 1.08% GGBR4 22.93 ▲ 2.00% ENEV3 27.28 ▲ 4.12% CPFE3 47.57 ▲ 2.77% CMIG4 11.32 ▲ 2.17% EQTL3 40.73 ▲ 3.09% LREN3 14.68 ▲ 3.75% VIVT3 35.53 ▲ 2.99% RAIL3 14.02 ▲ 1.96% KLABIN 17.48 ▲ 0.46% RAIA DROGASIL 18.89 ▲ 4.19% RDOR3 36.02 ▲ 2.48% HAPV3 10.55 ▲ 4.77% FLRY3 16.33 ▲ 3.68% SMTO3 16.17 ▲ 0.75% UGPA3 30.48 ▲ 1.26% VBBR3 32.73 ▲ 1.96% BBSE3 40.22 ▲ 2.39% BPAC11 58.25 ▲ 4.62% CURY3 34.00 ▲ 3.98% AERI3 2.08 ▲ 0.97% VIVARA 23.41 ▲ 3.68% COMPASS 25.02 ▲ 1.38% VAMOS 3.07 ▲ 3.72% SANB11 27.45 ▲ 4.57% ASAI3 8.88 ▲ 4.96% SBSP3 31.01 ▲ 3.37% WALMEX 49.44 ▲ 0.86% GMEXICO 198.67 ▲ 1.70% FEMSA 223.60 ▲ 0.55% CEMEX 21.89 ▲ 0.83% GFNORTE 187.79 ▲ 1.32% BIMBO 56.00 ▲ 0.13% TELEVISA 9.66 ▲ 1.79% AMX 23.00 ▲ 1.59% GAP 414.85 ▲ 0.27% ASUR 287.75 ▲ 1.46% OMA 237.49 ▼ 0.21% KOF 182.19 ▲ 0.71% GRUMA 283.80 ▲ 0.53% KIMBER 38.28 ▼ 0.42% SQM-B 68,000 ▼ 1.59% COPEC 6,010 ▼ 0.17% BSANTANDER 78.50 ▲ 1.29% FALABELLA 5,899 ▲ 0.82% ENELAM 85.07 ▲ 1.08% CENCOSUD 2,036 ▼ 1.01% CMPC 1,111 ▲ 1.51% BANCO CHILE 188.34 ▲ 0.72% LATAM AIR 26.16 ▼ 0.91% YPF 73,850 ▼ 2.54% GGAL 8,235 ▲ 4.51% PAMPA 5,165 ▼ 0.77% TXAR 665.00 ▲ 0.08% ALUAR 979.00 ▲ 1.08% TGS 9,505 ▲ 2.09% CEPU 2,343 ▲ 1.21% MIRGOR 17,025 ▼ 1.02% COME 45.80 ▲ 0.84% LOMA NEGRA 3,545 ▲ 1.36% BYMA 311.75 ▲ 0.65% TELECOM ARG 4,175 ▲ 1.34% ECOPETROL 15.55 ▲ 1.04% BANCOLOMBIA 83.46 ▲ 3.13% GRUPO AVAL 5.06 ▲ 0.80% CREDICORP 401.45 ▲ 2.43% SOUTHERN COPPER 176.08 ▲ 0.95% BUENAVENTURA 30.11 ▲ 1.88% MERCADOLIBRE 1,878 ▲ 3.87% NUBANK 13.87 ▲ 1.46% XP 16.98 ▲ 3.44% PAGSEGURO 9.32 ▲ 3.50% STONE 11.24 ▲ 2.51% GLOBANT 30.09 ▼ 3.84% TECNOGLASS 44.26 ▲ 2.58% GAP AIRPORT 236.84 ▲ 1.01% ASUR 287.75 ▲ 1.46% OMA AIRPORT 108.50 ▲ 0.16% AMX ADR 26.21 ▲ 1.43% FEMSA ADR 127.91 ▲ 0.72% CEMEX ADR 12.53 ▲ 1.25% PETROBRAS ADR 17.18 ▲ 0.85% VALE ADR 14.53 ▲ 2.18% ITAU ADR 8.63 ▲ 4.23% SANTANDER BR 5.42 ▲ 5.45% AMBEV ADR 3.09 ▲ 1.48% CSN 1.03 ▲ 7.89% GERDAU 4.51 ▲ 2.15% LATAM ADR 57.03 ▼ 0.03% BTC 63,845 ▲ 1.03% ETH 1,788 ▲ 2.51% SOL 77.62 ▼ 0.55% XRP 1.10 ▲ 0.65% BNB 576.28 ▲ 1.37% ADA 0.17 ▲ 0.11% DOGE 0.07 ▲ 1.43% AVAX 6.74 ▲ 0.85% LINK 7.92 ▲ 2.40% DOT 0.87 ▲ 5.81% LTC 44.51 ▲ 1.70% BCH 246.27 ▲ 3.57% TRX 0.33 ▼ 0.61% XLM 0.19 ▲ 2.17% HBAR 0.07 — 0.00% NEAR 1.89 ▼ 1.33% ATOM 1.58 ▲ 2.01% AAVE 95.09 ▲ 4.20% SELIC 14.25% EMBRAER 85.02 ▲ 1.38% EMBRAER ADR 66.65 ▲ 1.69% JBS 11.92 ▲ 1.62% JBS BDR 60.80 ▲ 1.25% MBRF3 15.64 ▲ 1.49% MBRFY 3.03 ▲ 1.00% INTER 5.85 ▲ 2.49% EGX 52,312 ▲ 0.54% USD/ZAR16.31▼ 0.09% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.68▼ 0.44% USD/CNY6.76▼ 0.43% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD1.14▼ 0.08% GBP/USD1.34▲ 0.03% SPX 7,566 ▲ 0.30% DJI 52,630 ▲ 0.27% NDX 29,823 ▲ 0.32% RUT 2,982 ▼ 0.37% TSX 35,244 ▲ 0.12% VIX 15.36 ▼ 3.03% USD/CAD1.41▼ 0.16% US10Y 4.5650 ▲ 0.57% IBOV 177,404 ▲ 2.70% IPSA 10,977 ▼ 0.44% IPC MEX 66,689 ▲ 0.88% MERVAL 3,251,077 ▲ 1.52% COLCAP 2,291.02 ▼ 0.08% BVL PERÚ 56,194.27 ▲ 1.39% USD/BRL 5.11 ▼ 0.18% USD/MXN 17.49 ▼ 0.35% USD/CLP 924.62 ▼ 0.33% USD/COP 3,246 ▼ 2.90% USD/PEN 3.39 ▼ 0.18% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.80% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.83 ▼ 1.09% BRENT 75.90 ▼ 0.52% WTI 71.28 ▼ 1.11% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.04% GOLD 4,112 ▼ 0.44% SILVER 60.00 ▼ 0.63% SOY 1,192 ▲ 1.04% CORN 461.50 ▲ 7.89% WHEAT 641.25 ▲ 4.91% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.23 ▼ 0.81% PETR4 39.52 ▲ 0.79% VALE3 74.43 ▲ 1.75% ITUB4 44.10 ▲ 3.55% BBDC4 18.76 ▲ 4.22% ABEV3 15.89 ▲ 1.08% BBAS3 20.56 ▲ 2.80% B3SA3 15.46 ▲ 4.53% WEGE3 46.47 ▲ 1.60% PRIO3 55.40 ▼ 0.38% SUZB3 41.47 ▲ 1.07% RENT3 40.82 ▲ 3.60% AZZA3 19.26 ▲ 4.33% CSAN3 4.02 ▲ 4.15% RAIZ4 0.37 — 0.00% PCAR3 2.77 ▲ 0.36% GMAT3 3.96 ▲ 0.76% PSSA3 54.50 ▲ 2.16% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.04 ▲ 1.81% NATU3 8.56 ▲ 1.18% BRKM5 6.54 ▲ 2.83% RANI3 8.01 ▲ 1.91% CSNA3 5.17 ▲ 7.71% CMIN3 5.10 ▲ 5.59% USIM5 8.44 ▲ 1.08% GGBR4 22.93 ▲ 2.00% ENEV3 27.28 ▲ 4.12% CPFE3 47.57 ▲ 2.77% CMIG4 11.32 ▲ 2.17% EQTL3 40.73 ▲ 3.09% LREN3 14.68 ▲ 3.75% VIVT3 35.53 ▲ 2.99% RAIL3 14.02 ▲ 1.96% KLABIN 17.48 ▲ 0.46% RAIA DROGASIL 18.89 ▲ 4.19% RDOR3 36.02 ▲ 2.48% HAPV3 10.55 ▲ 4.77% FLRY3 16.33 ▲ 3.68% SMTO3 16.17 ▲ 0.75% UGPA3 30.48 ▲ 1.26% VBBR3 32.73 ▲ 1.96% BBSE3 40.22 ▲ 2.39% BPAC11 58.25 ▲ 4.62% CURY3 34.00 ▲ 3.98% AERI3 2.08 ▲ 0.97% VIVARA 23.41 ▲ 3.68% COMPASS 25.02 ▲ 1.38% VAMOS 3.07 ▲ 3.72% SANB11 27.45 ▲ 4.57% ASAI3 8.88 ▲ 4.96% SBSP3 31.01 ▲ 3.37% WALMEX 49.44 ▲ 0.86% GMEXICO 198.67 ▲ 1.70% FEMSA 223.60 ▲ 0.55% CEMEX 21.89 ▲ 0.83% GFNORTE 187.79 ▲ 1.32% BIMBO 56.00 ▲ 0.13% TELEVISA 9.66 ▲ 1.79% AMX 23.00 ▲ 1.59% GAP 414.85 ▲ 0.27% ASUR 287.75 ▲ 1.46% OMA 237.49 ▼ 0.21% KOF 182.19 ▲ 0.71% GRUMA 283.80 ▲ 0.53% KIMBER 38.28 ▼ 0.42% SQM-B 68,000 ▼ 1.59% COPEC 6,010 ▼ 0.17% BSANTANDER 78.50 ▲ 1.29% FALABELLA 5,899 ▲ 0.82% ENELAM 85.07 ▲ 1.08% CENCOSUD 2,036 ▼ 1.01% CMPC 1,111 ▲ 1.51% BANCO CHILE 188.34 ▲ 0.72% LATAM AIR 26.16 ▼ 0.91% YPF 73,850 ▼ 2.54% GGAL 8,235 ▲ 4.51% PAMPA 5,165 ▼ 0.77% TXAR 665.00 ▲ 0.08% ALUAR 979.00 ▲ 1.08% TGS 9,505 ▲ 2.09% CEPU 2,343 ▲ 1.21% MIRGOR 17,025 ▼ 1.02% COME 45.80 ▲ 0.84% LOMA NEGRA 3,545 ▲ 1.36% BYMA 311.75 ▲ 0.65% TELECOM ARG 4,175 ▲ 1.34% ECOPETROL 15.55 ▲ 1.04% BANCOLOMBIA 83.46 ▲ 3.13% GRUPO AVAL 5.06 ▲ 0.80% CREDICORP 401.45 ▲ 2.43% SOUTHERN COPPER 176.08 ▲ 0.95% BUENAVENTURA 30.11 ▲ 1.88% MERCADOLIBRE 1,878 ▲ 3.87% NUBANK 13.87 ▲ 1.46% XP 16.98 ▲ 3.44% PAGSEGURO 9.32 ▲ 3.50% STONE 11.24 ▲ 2.51% GLOBANT 30.09 ▼ 3.84% TECNOGLASS 44.26 ▲ 2.58% GAP AIRPORT 236.84 ▲ 1.01% ASUR 287.75 ▲ 1.46% OMA AIRPORT 108.50 ▲ 0.16% AMX ADR 26.21 ▲ 1.43% FEMSA ADR 127.91 ▲ 0.72% CEMEX ADR 12.53 ▲ 1.25% PETROBRAS ADR 17.18 ▲ 0.85% VALE ADR 14.53 ▲ 2.18% ITAU ADR 8.63 ▲ 4.23% SANTANDER BR 5.42 ▲ 5.45% AMBEV ADR 3.09 ▲ 1.48% CSN 1.03 ▲ 7.89% GERDAU 4.51 ▲ 2.15% LATAM ADR 57.03 ▼ 0.03% BTC 63,845 ▲ 1.03% ETH 1,788 ▲ 2.51% SOL 77.62 ▼ 0.55% XRP 1.10 ▲ 0.65% BNB 576.28 ▲ 1.37% ADA 0.17 ▲ 0.11% DOGE 0.07 ▲ 1.43% AVAX 6.74 ▲ 0.85% LINK 7.92 ▲ 2.40% DOT 0.87 ▲ 5.81% LTC 44.51 ▲ 1.70% BCH 246.27 ▲ 3.57% TRX 0.33 ▼ 0.61% XLM 0.19 ▲ 2.17% HBAR 0.07 — 0.00% NEAR 1.89 ▼ 1.33% ATOM 1.58 ▲ 2.01% AAVE 95.09 ▲ 4.20% SELIC 14.25% EMBRAER 85.02 ▲ 1.38% EMBRAER ADR 66.65 ▲ 1.69% JBS 11.92 ▲ 1.62% JBS BDR 60.80 ▲ 1.25% MBRF3 15.64 ▲ 1.49% MBRFY 3.03 ▲ 1.00% INTER 5.85 ▲ 2.49% EGX 52,312 ▲ 0.54% USD/ZAR 16.32 ▲ 0.06% USD/NGN 1,376 ▲ 0.08% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.64 ▼ 0.44% USD/CNY 6.7642 ▼ 0.40% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD 1.1421 ▼ 0.11% GBP/USD 1.3400 ▼ 0.03% SPX 7,566 ▲ 0.30% DJI 52,630 ▲ 0.27% NDX 29,823 ▲ 0.32% RUT 2,982 ▼ 0.37% TSX 35,244 ▲ 0.12% VIX 15.36 ▼ 3.03% USD/CAD 1.4145 ▼ 0.15% US10Y 4.5650 ▲ 0.57%
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Covid-19 Brazil

Pharma company tells Brazil’s Covid CPI that it billed 8 times more in 2020 with “Covid kit” drugs

By · June 17, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – EMS pharmaceutical company advised the Senate’s Covid CPI that it invoiced R$142 (US$28.2) million with “Covid kit” drugs in 2020, an amount 8 times higher than the previous year. The sum with the sale of ivermectin alone increased from R$2.2 million to R$71.1 million in the pandemic.

The laboratory also produced azithromycin, hydroxychloroquine, and nitazoxanide, ineffective drugs against the virus, but which became President Jair Bolsonaro’s flagship in the health crisis.

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A so called Covid Kit in Brazil. (Photo internet reproduction)
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In 2020, Bolsonaro asked India’s Prime Minister Narendra Modi to release the export of raw materials for the manufacture of hydroxychloroquine by Apsen and EMS. Bolsonaro’s interference is being targeted by the committee.

EMS also said it grossed R$20.9 million from the sale of hydroxychloroquine in 2020, about 20 times more than the year before, when there was no pandemic.

The data sent to the CPI also show that EMS produced about 9 times more tablets of the drugs in the “Covid kit” in the first year of the pandemic. The company submitted the data on Wednesday evening, June 16, following a request from the the CPI president Omar Aziz (PSD-AM).

There are CPI requests both to summon Carlos Sanchez, chairman of the board of directors of the NC Group, owner of EMS, and to lift the entrepreneur’s telephone, computer, tax and banking secrecy.

After ivermectin, EMS’s highest revenue in 2020 with “Covid kit” drugs was with Azithromycin (R$46.2 million), hydroxychloroquine (R$20.9 million) and nitazoxanide (R$3.67 million).

Bolsonaro encourages using these drugs against Covid. He himself reiterates that he used the kit and even gave a box of hydroxychloroquine to an emu that lives in the Alvorada Palace. After taking part in a motorcycle ride with supporters on June 12, in São Paulo, the president mentioned the drug and said that “there is no harm” in taking it.

In a letter sent to the CPI, the company also informed that it supported scientific studies assessing the use of hydroxychloroquine in the treatment of Covid-19. “The first study supported by the Company was published on 07.23.2020, in the New England Journal of Medicine, and found that the use of hydroxychloroquine, alone or associated with azithromycin, showed no favorable effect on the clinical outcome of adult patients hospitalized with mild or moderate forms of Covid-19,” EMS said.

The pharmaceutical company said it released the study results and alerted the public that hydroxychloroquine should only be used by prescription. The company also said it disclosed the lack of “scientific backing” on the drug’s efficacy against Covid.

The company also told the CPI that between January and May 2021 it invoiced R$11.85 million with hydroxychloroquine. In addition, it projects another R$19.21 million from the drug by December.

During the pandemic, Bolsonaro supported the use of drugs from the covid kit, contrary to the advice of entities such as the W.H.O. (World Health Organization).

The Army Laboratory alone produced over 3.2 million chloroquine tablets, compared to 256,000 units in 2017. In addition, the government received a donation of 3 million hydroxychloroquine tablets from the United States government in 2020.

Bolsonaro’s insistence on the adoption of “Covid kit” drugs as public policy also led to the resignation of two health ministers, Luiz Henrique Mandetta (DEM) and Nelson Teich.

When General Eduardo Pazuello took office in May 2020, he complied with the president’s request and edited a note from the Ministry of Health advising the use of hydroxychloroquine at the first symptoms of Covid.

Current Health Minister Marcelo Queiroga, however, told the CPI that the early use of these drugs has “very little” influence on the course of the disease. “If I stand here discussing last year’s argument, I won’t move on,” the Minister told the Senators on June 8.

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