Panacea Biotec is currently trading at Rs. 287.00, up by 5.95 points or 2.12% from its previous closing of Rs. 281.05 on the BSE.
The scrip opened at Rs. 288.00 and has touched a high and low of Rs. 294.50 and Rs. 285.00 respectively. So far 13,118 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 364.00 on 14-Feb-2018 and a 52 week low of Rs. 129.10 on 25-May-2017.
Last one week high and low of the scrip stood at Rs. 302.55 and Rs. 263.85 respectively. The current market cap of the company is Rs. 1,757.90 crore.
The promoters holding in the company stood at 74.07%, while Institutions and Non-Institutions held 0.03% and 25.90% respectively.
Panacea Biotec has received Establishment Inspection Report (EIR) from the US Food & Drug Administration (USFDA) indicating the formal closure of the Inspection conducted by the regulator, at its Pharmaceutical Formulation Facility for Oncology Parenteral and Oral Solids Dosage at Malpur, Baddi, District Solan, Himachal Pradesh, India.
The release of EIR notification indicates that the USFDA has concluded review of the company’s manufacturing activities and the company is allowed to continue supply of all the approved drug products by USFDA into inter-state commerce. The EIR notification also accelerates approval process for submitted drug product applications.
Panacea Biotec is a leading research based Biotechnology Company with established research, manufacturing and marketing capabilities. It is one of the largest vaccine producers and biotechnology companies in India.
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