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Panacea Biotec’s arm incorporates wholly-owned subsidiary in USA

24 Jun 2024 Evaluate

Panacea Biotec’s material subsidiary -- Panacea Biotec Pharma (PBPL) has incorporated its wholly-owned subsidiary (WOS) company namely, Panacea Biotec Inc. in the state of Delaware, USA and has made an initial investment of $75,000 (around Rs 6.23 million) in the shares of common stock of Panacea Biotec Inc.

The WOS has been set-up with an objective of establishing presence in the world’s largest healthcare market in US by pursing comprehensive range of activities, including the buying, selling, marketing, importing, exporting, distributing, and dealing in services and products related to health and wellness, such as nutrition, dietary supplements, OTC drugs, medical devices, prescription drugs, and vaccines. The business of the WOS is in line with the business activities of the Company and PBPL.

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


Panacea Biotec Share Price

338.10 -3.95 (-1.15%)
21-Apr-2026 16:59 View Price Chart
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