Aiming to make COVID-19 vaccine: Panacea

Aiming to make COVID-19 vaccine: Panacea Biotec Ltd.

Medicine Injection drug vaccine Syringe
Picture: Pixabay

Last Updated on June 11, 2020 by The Health Master

BENGALURU – Indian biotech firm Panacea Biotec Ltd said on Wednesday it would partner with U.S.-based Refana Inc to make a potential vaccine for COVID-19.

The collaboration aims to make more than 500 million doses of the vaccine candidate, with over 40 million doses expected to be available early next year, Panacea said in a statement to stock exchanges.

Also read: What are antibody therapies and who is developing them?

Panacea’s shares jumped 20% in morning trading on India’s National Stock Exchange after the news.

(Reporting by Sachin Ravikumar; Editing by Shailesh Kuber)

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