Loss-making Panacea Biotec Ltd. could find reason for cheer as initial data from a Phase I trial for a dengue vaccine licensed from the National Institutes of Health (NIH) appeared promising and United Nations (UN) agencies awarded the Indian company a $24.3m (over INR1.7bn) award for EasyfiveTT, its pentavalent vaccine.
Two Cheers For Panacea, Will It Get Three?
$24.3m Award For Easyfive-TT
Promising data from Phase I clinical trials of a dengue vaccine and a $24.3m award by UN agencies for its Easyfive-TT pentavalent vaccine bode well for Panacea Biotec, but are they enough to turn the company’s fortunes around?
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Pipeline Watch is a weekly snapshot of selected late-stage clinical trial events and approvals announced by pharmaceutical and biotech companies at medical and industry conferences, in financial and company presentations, and in company releases and statements.