Panacea Biotec

Panacea Biotec Ltd has informed that the Company has inaugurated its Greenfield construction Vaccine Formulation Plant (VFP) in Baddi, Himachal Pradesh. The plant has been commissioned with several filling lines for bacterial and viral vaccines complying with WHO, cGMP norms for liquid Vaccines in pre-filled syringes, liquid & lyophilized Vaccines in vials. The total production capacity of this facility is one billion doses per annum.

The Company has also unveiled its new Corporate Identity on the occasion and the new identity displays a pole star and tag-line-Innovation In Support of Life.

In this regard the Company has issued the following Press Release:

Panacea Biotec inaugurated its Greenfield construction Vaccine Formulation plant (VFP) in Baddi - Himachal Pradesh. The plant has been commissioned with several filling lines for bacterial and viral vaccines complying with WHO, cGMP norms for liquid Vaccines in pre-filled syringes, liquid & lyophilized Vaccines in vials. The total production capacity of this facility is one billion doses per annum. The plant was inaugurated by Company Chairman, Mr. Soshil Kumar Jain.

"The new world class facility has been designed, constructed, and approved for the production of filling lines of bacterial and vital combination vaccines. The unit will increase our production capacity of vaccines substantially in scale and size. It would significantly improve our market presence globally and augment our plans to become a global leader in this field." said Mr. Soshil Kumar Jain, on the occassion.

The three-story production block is spread over approx. 2800 M2 construction area at each floor. The production floor has non-metallic Modular Panels for partitioning in the critical area having walk able ceiling for easy maintenance of supply ends for utilities, clean air and lighting system. The plant also has a two-story block of Warehouse-cum-Cold Storage facility admeasuring approx. 2500 M2 on each floor.

Panacea Biotec also unveiled its new Corporate Identity on the occasion. The new identity which displays a pole star and tag-line- Innovation In Support Of Life, has been created by a leading designing agency. Speaking about the new identity, Mr. Rajesh Jain, Joint Managing Director said, "We have traveled a long way and after having established ourselves as a leading, research based, healthcare Company, we now aspire to become a global organization. We aspire to create an innovative, world class healthcare Company, to be respected and quoted for its values, culture and success. This needed a different perception about the Company and here we are with our new identity."

The Annual Day is being celebrated with full joy and enthusiasm in Panacea Biotec. The employees of the facility entertain the invitees from the Company and guests from outside through a Talent Show, facility tour and exhibition. Last year the Annual Day was celebrated at the inauguration of Laksh, New Chemical Entity R&D Centre at Mohali.