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Two Cheers For Panacea, Will It Get Three?

$24.3m Award For Easyfive-TT

 
• By Vibha Ravi

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?

Happy Biz Team
Time For Celebrations At Panacea? • Source: Shutterstock

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

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