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Shares of Panacea Biotec surged 9 per cent to Rs 411 on the BSE in the intra-day trade on Monday after the company announced that it has received a manufacturing license to produce Sputnik V vaccine at its Baddi (Himachal Pradesh) plant. The stock of one of the leading vaccine and pharmaceutical producers in India had hit a 52-week high of Rs 453.70 on May 28, 2021. The company announces receipt of manufacturing license from Drugs Controller General (India) for Sputnik V vaccine against Covid-19 pursuant to its collaboration with Russian Direct Investment Fund (Russia s sovereign wealth fund). The license is a necessary condition for using Sputnik V produced by Panacea Biotec in India, Panacea Biotec said in a press release on Sunday, July 4, 2021.

Baddi himachal pradeshRussian direct investment fund russiaPanacea biotecHimachal pradeshDrugs controller generalRussian direct investment fundபாடதி இமாச்சல் பிரதேஷ்ரஷ்ய நேரடி முதலீடு நிதி ரஷ்யாசஞ்சீவி பயோடெக்இமாச்சல் பிரதேஷ்மருந்துகள் கட்டுப்படுத்தி ஜநரல்ரஷ்ய நேரடி முதலீடு நிதி