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Debt-ridden Indian vaccine maker Panacea to exit hospitals

 
• By Anju Ghangurde

The financially stretched Indian vaccines producer Panacea Biotec has put on the block its interest in an ambitious hospital enterprise as part of efforts to satisfy certain terms of a debt revamp plan.

The financially stretched Indian vaccines producer Panacea Biotec has put on the block its interest in an ambitious hospital enterprise as part of efforts to satisfy certain terms of a debt revamp plan.

Panacea, which saw its fortunes nosedive after the delisting of its pentavalent vaccine Easyfive (diphtheria, tetanus, pertussis (DTP), hepatitis B and Haemophilus influenzae type B from the World Health Organization...

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