Financial Daily from THE HINDU group of publications
Wednesday, Oct 20, 2004

Cross Currency

Group Sites

Corporate - Announcements

Panacea Biotech to develop new tech for vaccine storage

Our Bureau

New Delhi , Oct. 19

PANACEA Biotec has entered into collaboration with UK-based Cambridge Biostability Ltd for manufacturing a technology that will do away with the need of having a cold chain for storage of vaccines.

Speaking to Business Line, Mr Rajesh Jain, Joint Managing Director, Panacea, said, "This new technology, called stable liquid technology, has received 950,000 funding from the Department of International Development. By making vaccines stable across a range of temperatures, the new technology removes the need for the cold chain, which currently costs $200 million a year. It also gives vaccines a very long shelf life, which will save $100 million in wasted vaccines each year."

The new technology is expected to take about a year or two to develop and another two years to commercialise.

Through this deal, Panacea will have the production and export rights to all the vaccines using this technology," said Mr Jain.

More Stories on : Announcements | Bio-tech & Genetics

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Praj Ind develops tech to process sweet sorghum for alcohol production

Panacea Biotech to develop new tech for vaccine storage
Alkem firms up strategy for global foray
Non-audit services issues — `Govt committed to independence of CAs'
`Industry not forthcoming on changes to Arbitration Bill'
Easy exit route for companies sought
Jindal South to buy controlling stake in Siscol
Crisil buys Irevna for Rs 43 cr
Bhilwara group in pact with Norway co for hydro project
Exide to power Afghanistan with its wind, solar energy
Roots Multiclean's new unit
Madurai Aavin staff plea
Maruti tops JD Power survey for fifth year
`We expect earnings to stabilise in next five years'
Official liquidators told to protect properties of cos under their custody
SPIC hopeful of recovery soon
Ford India to break even this year — To roll out new Mondeo in December

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line