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.
Panacea, which produces pharmaceutical formulations apart from vaccines, is one among three Indian firms that the NIH had licensed its dengue candidate TetraVax-DV to, the others being Serum Institute...