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I have 100 shares of this comp. @491. Any hope....

About: Company: Panacea Biotec Ltd.

Tags: hope, shares of this comp
Asked by VARUN JAIN, 17 Feb '08 10:59 pm
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Answers (1)


The Budget increased the allocation for HIV and polio drugs. Panacea is the leader in manufacture of polio vaccines. And this increased allocation will benefit the company immensely. It recently was pre-qualified by WHO for supplying its innovative combination vaccines for pediatric immunization - EasyFour (DTP + Hib) and Ecovac (DTP + Hep B). It is already a pre-qualified supplier of OPV and Hepatitis-B vacuities to UN agencies.

Now with this pre-qualification by WHO, Panacea Biotec would participate in a large global market of combination vaccines for pediatric immunization. It recently inaugurated its ultra modern, Greenfield construction, vaccine production plant at Baddi, H.P., with over Rs 100 crore investment in Sept'07, having capacity of more than 1 billion doses per annum, to cater to domestic and global markets. With this latest state-of-art facility, the total capacity to produce vaccines by Panacea Biotec would be doubled to two billion doses per annum. The commercia ...more
Answered by LAJITH TP, 02 Mar '08 06:52 pm

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