Panacea Biotec jumps on supplying first shipment of second component of Sputnik V vaccine produced in India

07 Sep 2021 Evaluate

Panacea Biotec is currently trading at Rs. 319.60, up by 25.00 points or 8.49% from its previous closing of Rs. 294.60 on the BSE.

The scrip opened at Rs. 309.10 and has touched a high and low of Rs. 324.05 and Rs. 308.40 respectively. So far 42905 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 453.70 on 28-May-2021 and a 52 week low of Rs. 171.00 on 02-Nov-2020.

Last one week high and low of the scrip stood at Rs. 324.05 and Rs. 291.10 respectively. The current market cap of the company is Rs. 1804.45 crore.

The promoters holding in the company stood at 73.59%, while Institutions and Non-Institutions held 0.45% and 25.95% respectively.

The Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund) and Panacea Biotec have supplied the 1st shipment out of 1 million doses of the second component (human adenovirus serotype 5) of the Russian Sputnik V coronavirus vaccine manufactured by Panacea Biotec for sale in India.

This is the first batch of the second component produced and supplied by the company in India. Doses of the second component of Sputnik V have been manufactured at the Panacea Biotec's state of the art vaccine manufacturing facility in Himachal Pradesh. The company received necessary clearance from Central Drug Laboratories (CDL), Kasauli on August 31, 2021.

Full-scale production of Spuntik V started at Panacea Biotec's facilities this summer. Facilities comply with GMP standards and are prequalified by WHO. The batch will be distributed in India through a partner of RDIF and Panacea Biotec - Dr. Reddy's Laboratories. To date Sputnik V has been authorized in 70 countries with total population of over 4 billion people.

Panacea Biotec is a leading research based Biotechnology Company with established research, manufacturing and marketing capabilities.

Panacea Biotec Share Price

329.45 15.65 (4.99%)
31-Oct-2024 16:01 View Price Chart
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