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Easyfive-TT Injects Cheer for Panacea Biotec
Panacea Biotec receives USD 24.32 Million Award of Pentavalent Vaccine from U.N. Agencies
Panacea Biotec, one of the India’s leading Biotechnology Company received Awards worth USD 24.32 Million (Over Rs.170 crores) from U.N. Agencies (UNICEF and PAHO) for supply of its Easyfive-TT, a fully liquid WHO prequalified Pentavalent Vaccine. UNICEF award is for year 2020 and award of PAHO is for three (3) years i.e. 2020-2022.
Pediatric vaccination plays an important role to achieve Sustainable Development Goals set by the United Nations, in particular the target to reduce under-five mortality rate to less than 25 per 1000 live births. Pentavalent vaccine protects children against five deadly diseases; Diphtheria, Tetanus, Pertussis, Hepatitis B and invasive infections caused by Haemophilus Influenza Type b – becoming the foundation of paediatric immunization programs across the world.
Easyfive-TT (DTwP-HepB-Hib) was introduced by Panacea Biotec as world’s first fully liquid wP-based pentavalent vaccine in Indian market in 2005. With WHO prequalification in 2008, over 100 million doses have been supplied to more than 50 countries globally. Easyfive-TT is ready for use without further preparation by healthcare workers in the field, which offers major healthcare advantages in countries with challenging infrastructure and hygiene problems.
Panacea Biotec has contributed significantly for Children’s Health and has partnered with WHO, UNICEF & PAHO in their efforts to maximize coverage of vaccines under the Expanded Program on Immunization (EPI) in developing countries. The Company has pioneered in development of wP based fully-liquid combination vaccines and has launched: Ecovac (Diphtheria, Wholecell Pertussis, Tetanus, Hepatitis B), Easyfour (Diphtheria, Wholecell Pertussis, Tetanus and Hib), Easyfive-TT (Diphtheria, Whole cell Pertussis, Tetanus, Hepatitis B and Hib), Easysix (Diphtheria, Whole cell Pertussis, Tetanus, Hepatitis B, Hib and IPV) – the world’s first and only wP-IPV hexavalent vaccine) to meet to programmatic needs of evolving immunization programs. As a responsible and reliable partner, Panacea Biotec thus contributes to the success of the Global Alliance for Vaccines and Immunization (GAVI Alliance) in accelerating access to these vaccines across the globe.
Dr. Rajesh Jain, Managing Director, commented, “I have always believed that innovation delivers sustainable business value and we are glad to witness the same once again. We are re-building on our deep-rooted foundation in biological business and would like to congratulate all our team members, employees, shareholders and other stakeholders. We look forward with confidence and conviction about our performance year after year.”
About Panacea Biotec Limited
Panacea Biotec is a leading pharmaceutical and Biotechnology Company with established Research, Manufacturing and Marketing capabilities, The Company has been ranked as the fastest growing company in its represented market share by All India Organization of Chemists & Druggists (AIOCD) in September 2019.
The Company has been awarded with the prestigious “India Innovation Award – Top 50” by Clarivate Analytics (Thomson Reuters) for the years 2015 & 2016.
The product portfolio includes innovative products in therapeutic areas of Oncology, Organ Transplantation, Nephrology, Diabetes, Osteoporosis, Cardiovascular diseases and Pediatric vaccines. Company has introduced its products in around 30 countries across the World including USA, Germany and Russian Federation through a combination of strategic collaborations and direct presence in select geographies. The Company has research collaborations with leading national and international organizations. The company has around 2750 employees.
For more information, please contact
For Investors
Mr. Devender Gupta
Chief Financial Officer and Head Information Technology
Tel: + 91-11-41679000 Ext. 1225, 41578011 (Direct)
Mobile: +91 98109 04102
Email: devendergupta@panaceabiotec.com
For Media
Mr. P. D. Karan
Vice President - Corporate Communication & Business Development
Tel: + 91 11 41679000 Extn. 1406, 41578080 (Direct)
Mobile: + 91 9312693040, + 91 9810500539
Email: pdkaran@panaceabiotec.com