please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . december 2011 learn how and when to remove this template message this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . july 2013 learn how and when to remove this template message learn how and when to remove this template message panacea biotec type public industry pharmaceutical industry founded 1984 headquarters new delhi india key people soshil kumar executive chairman of the board ravinder jain managing director dr. rajesh jain joint managing director sandeep jain joint managing director products pharmaceuticals generic drugs vaccine website www.panacea biotec.com panacea drugs pvt. ltd. was set up in the year 1984 and got listed in 1995 as panacea biotec ltd. panacea biotec is an indian research based pharmaceutical and health management company involved in research manufacturing and marketing of pharmaceutical formulations vaccines and natural products . 1 it is one of the three largest biotech companies in india . 2 in august 2011 several of its hepatitis vaccines were removed from the list of prequalified vaccines by the world health organization 3 because of quality management issues but the issues were resolved by early 2012 . 4 panacea biotec has 5 research centres across india that specialize in the fields of pharmaceuticals biotechnology natural products and biopharmaceutics . contents 1 history 1.1 nephrology 1.2 gastroenterology & orthopedic 1.3 respiratory 1.4 oncology 1.5 value india healthcare 2 references 3 external links history edit panacea biotec claims to be the largest vaccine manufacturing company in india . panacea biotec has introduced the next generation inactivated polio vaccine eipv vide a collaboration with the netherland vaccine institute . this vaccine has found extensive usage in india for more than 3 years now and is registered in bangladesh . ipv is also in advanced stage of registration in 10 countries world wide with the target of being in more than 30 countries in a couple of years and has been put up for who prequalification which is expected soon . 5 panacea biotec timeline 1984 panacea drug p ltd. was formed 1988 established a plant for vaccines production at new delhi under the name of radicura pharma 1989 pharmaceutical formulations plant at new delhi under the name of panacea drug p ltd. 1993 merger of panacea drugs p ltd. & radicura pharma to form panacea biotec ltd. 1995 ipo of equity shares of rs .180 million 1995 state of the art drug delivery r & d centre at lalru 1997 first product patent in several countries 2001 r & d tie up with european mnc 2002 in licensing agreement with biotechnology consortium of india for development & commercialization of anthrax vaccine 2002 commissioning of recombinant vaccine production plant 2004 in licensing agreement with national institute of immunology new delhi for japanese encephalitis candidate vaccine 2004 marketing joint venture with chiron now novartis vaccines uk 2004 collaboration with cambridge bio stability uk for thermo stable vaccines 2005 in licensing agreement with national institute of health usa for hair growth hormone 2006 who cgmp complaint ultra modern pharmaceuticals formulation facility at baddi himachal pradesh . landmark collaborations with the netherlands vaccine institute the nederlands vaccin instituut nvi for manufacture & marketing of finished inactivated polio vaccine ipv and a number of ipv based combination vaccines in india and across the globe . collaboration with pt.bio farma to manufacture & market measles vaccine . inauguration of biopharmaceutical r & d centre at new delhi pre qualification certification from who for supply of recombinant hepatitis b vaccine to un agencies . collaboration with national research development corporation nrdc for technology transfer of foot and mouth vaccine . 2007 vaccine formulation plant at baddi research agreement with punjab university to develop new chemical entities for psychiatric disorders 2008 foray into healthcare delivery collaboration to set up 220 bed multi super specialty hospital in ncr who prequalification for fully liquid innovative combination pentavalent vaccine easyfive against five deadly infectious diseases dtwp hep b hib of early childhood . nephrology edit critical care a super speciality sbu of the company is focused on nephrology therapy in the highly specialized organ transplantation and dialysis management segments . it offers a range of pre transplant & post transplant therapies . gastroenterology & orthopedic edit procare sbu of the company promotes brands with special focus on orthopedicians surgeons dentists ent specialist & gastroenterologist apart from consulting physician and general physician . respiratory edit growcare is the respiratory and pediatric business of panacea biotec . this business was carved out of the existing business of panacea biotec as part of the long term strategy to enter the high growth respiratory therapy . growcare is a rs .230 million business with total field strength of around 350 people and services more than 50 000 doctors across the country in various specialties such as chest physicians consulting physicians pediatricians and general physicians . 26 different skus are marketed with presence in multiple therapy areas . oncology edit panacea biotec has plans to foray into oncology segment to provide treatment for cancer viz breast cancer brain tumor ovarian cancer pancreatic cancer prostrate cancer and colorectal cancer . oncotrust would be the new strategic business unit sbu with the total strength of around 50 sales specialists on oncology who would be responsible for marketing these drugs . the aim to register sales volumes of rs . 150 200 million in oncology chemotherapy segment in the next three years . the company feels that it would be able to launch novel drug delivery based anti cancer drug in next 2 3 year period . value india healthcare edit some of the brands include twowks patented product to treat 1st & 2nd degree piles combipunch a first time in india dcgi approved formulation for allergic rhinitis and others . vih aims to provide a complete basket of products which a general practitioner needs on a daily basis . the value range of antibiotics valuecef valueorni & others the pain range like instanim nowaste para the respiratory range of kofzero koldzero are all steadily gaining the mindshare of the doctor . valueindia currently operates in rest of maharashtra madhya pradesh & chhattisgarh regions with plans for expansion to other states shortly . 6 references edit new vaccines to lift sales at panacea biotec . international herald tribune . 18 august 2005 . retrieved 2009 03 05 . risky business express pharma december 2 2011 bharat biotech gets who blow over hep b vaccine the times of india december 15 2011 equitybulls.com 1 2 external links edit panacea biotec s official site retrieved from https en.wikipedia.org w index.php title panacea biotec & oldid 727402596 categories pharmaceutical companies of indiahidden categories articles needing additional references from december 2011all articles needing additional referencesarticles with a promotional tone from july 2013all articles with a promotional tonepages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store 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