News for Panacea Biotec Limited (PANACEABIO.BO)

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Panacea Biotec's shares are in focus as the company receives a Letter of Award from UNICEF for supplying 115 million doses of its bivalent oral polio vaccine (bOPV) worth approximately US$ 14.95 million (Rs 127 crore) in CY2025. The company recently posted a profit of Rs 4.8 crore, marking a strong recovery after three quarters of losses.

Panacea Biotec has settled a patent dispute with Sanofi Healthcare India, leading to a rise in its stock. The Delhi High Court case involved Panacea's claim that Sanofi's Shan6 vaccine infringed on its EasySix patent. Sanofi agreed not to market the infringing product and withdrew its opposition to Panacea's patent amendment.

The shares of Panacea Biotec rose after the company announced that it has secured $20 million in loan from US International Development Finance Corp (DFC).

US International Development Finance Corporation (DFC) has committed a long-term loan of up to USD 20 million to Panacea Biotec, the company said on Thursday.

Panacea Biotech Share Price: A combined 2.1 million equity shares of the company had changed hands till 02:50 PM, and there are pending buy orders for nearly 100,000 shares on the NSE and BSE.

The Nifty Auto index was trading 0.42 per cent down at 25420.75.

The Nifty IT index was trading 0.03 per cent up at 42240.2.

Deep Industries, Indo Amines, Panacea Biotec, Synergy Green Ind and Kopran Ltd, hit their fresh 52-week highs at 10:09AM.

ONGC, Hindalco, Adani Ports SEZ, Tata Motors and NTPC were among the top losers on NSE.

In the Nifty pack, 32 stocks closed in the green, while 18 stocks ended in the red.

Apollo Hospital, Hero MotoCorp, Adani Ports SEZ, Maruti Suzuki and Eicher Motors were among the top losers on NSE in today's trade.

The Nifty Pharma index closed 0.12 per cent up at 22554.95.

CESC Ventures, Uma Exports, Oriental Trimex, Panacea Biotec and Jet Freight Logistic, hit their fresh 52-week highs during the day.

The Nifty IT index closed 1.39 per cent up at 41662.1.

Genus Power Infrastructure, Shakti Pumps (India), Gallant Ispat, Suraj Estate Developers, Panacea Biotec, Suzlon and Elpro Intl among BSE Allcap index were frozen at the highest limit for the day.

A short build-up was seen in 79 stocks including Indus Towers, India Cements, ABB India, Larsen & Toubro, and Deepak Nitrite.

The short build-up was seen in 79 stocks. These included Ipca Laboratories, Delta Corp, SBI Card, NALCO, and Vodafone Idea. An increase in OI along with a fall in price points to a build-up of short positions.

In the Nifty pack, 30 stocks closed in the green, while 19 stocks ended in the red.