Historic Deal Signed Between Panacea Biotec and Serum Institute of India

Food and Healthcare Press Releases Monday January 22, 2018 13:25
NEW DELHI and PUNE, India--22 Jan--PRNewswire/InfoQuest

Panacea Biotec Ltd. (PBL), India's leading biopharmaceutical company and among the largest manufacturer of vaccines, has signed two long-term collaboration agreements with Serum Institute of India Pvt. Ltd. (SII), world's largest manufacturer of vaccines and SII's wholly owned subsidiary, Bilthovan Biologicals B.V. (BBIO).

(Photo: https://mma.prnewswire.com/media/630957/Panacea_Biotec_Dr_Rajesh_Jain.jpg )
(Photo: https://mma.prnewswire.com/media/630959/Serum_Institute_Adar_Poonawalla.jpg )
(Photo: https://mma.prnewswire.com/media/630958/Panacea_Biotec_EasySix.jpg )

Under the collaboration, SII is entitled to manufacture and sell fully liquid Whole cell Pertussis (wP) and Salk based Injectable Polio Vaccine (IPV) based Hexavalent vaccine (DTwP-HepB-Hib-IPV) developed and commercialized by PBL, a first-of-its-kind in this category.

  • SII will ensure supply of IPV bulk to PBL, an important constituent of the Hexavalent vaccine, from its wholly owned subsidiary BBIO Netherlands having technology for making the IPV, earlier possessed by only three other vaccine manufacturers in the world.
  • In next two years, both SII and PBL will work together to get this wP-IPV based Hexavalent vaccine introduced in the National Immunization Program of the Government of India and developing countries by working closely with key stakeholders including but not limited to national governments, WHO, GAVI, BMGF and other UN Agencies, etc.

Dr. Rajesh Jain, Joint Managing Director, PBL said that millions of children in developing countries with an annual birth cohort of approx. 121 million will get an easy access to a fully liquid Hexavalent vaccine containing six very important antigens to protect against six dreaded diseases i.e. Diphtheria, Tetanus, Pertussis, Hepatitis B, Haemophilus influenza type B & Polio.

Global demand of IPV/ IPV containing vaccines is estimated to rise significantly from ~100 million in the year 2020 till supply constraints remain, to 250-350 million doses every year starting 2022 depending upon a two or three dose schedule, as Strategic Advisory Group of Experts (SAGE) on Immunization in April 2017 has recommended at least 2 doses of IPV in the routine immunization schedule of the countries post OPV withdrawal.

Due to global supply constraint of IPV since 2015, only 52% of projected supply had been delivered to UN agencies. Hence, 18 countries could not introduce IPV in their immunization and 15 had interruptions out of 70 IPV eligible countries approved for GAVI support.

Mr. Adar C. Poonawalla, C.E.O. & Executive Director, SII, said, "It is an historic deal where in two major vaccine companies in India have come forward to join hands to address unmet needs of both private and public Market globally. With the convenience of 'six in one' it has potential of over 250 million doses in next 3-4 years with a market size of over $1.25 Billion annually."

Mr. R K Suri, Senior Advisor, who orchestrated the mega deal between two big vaccine players, said, "It marks beginning of a new era in vaccine landscape and heralds a new business model, 'Collaborate yet Compete'."

For details about Panacea Biotec visit www.panaceabiotec.com   and for SII visit www.seruminstitute.com .
For more information, contact:
Mr. P. D. Karan
VP - Corporate Communication & Business Development
+91-9312-693-040
pdkaran@panaceabiotec.com
Source: Panacea Biotec Ltd.

Latest Press Release

Michel Orsinger Assumes Role as Chairman of Limacorporate#s Advisory Board

LimaCorporate is pleased to announce that Michel Orsinger, Board Member of LimaCorporate's Advisory Board, will assume the role of Chairman of the Board. Michel joined the Advisory Board mid-2017 following a long and successful global career in...

Merck and Pfizer Provide Update on Avelumab in Platinum-Resistant/Refractory Ovarian Cancer

Merck and Pfizer Inc. (NYSE: PFE) today announced that the Phase III JAVELIN Ovarian 200 trial evaluating avelumab* alone or in combination with pegylated liposomal doxorubicin (PLD), a type of chemotherapy, compared with PLD did not meet the...

APEC#s Rare Disease Action Plan Sets Precedent to Integrate Rare Disease Care by 2025

- Asia-Pacific Economic Cooperation (APEC) Life Sciences Innovation Forum (LSIF) Rare Disease Network comprises Rare Disease International, Queensland University of Technology and Shire (representing as industry co-chair). - Aims to define, diagnose and...

Grunenthal Acquires Averitas Pharma and Establishes Commercial Footprint in the US

Grunenthal announced today that it has acquired the US-based pharmaceutical company Averitas Pharma, thereby extending its commercial footprint to the United States. Averitas Pharma will be commercialising the pain patch Qutenza(R) (8 % capsaicin) for...

Ascensia Diabetes Care Highlights the Support That Families Provide for People With Diabetes To Mark World Diabetes Day 2018

Today, Ascensia Diabetes Care, a global leading diabetes care company, launched their campaign for World Diabetes Day 2018 to celebrate the important role of families for people with diabetes. They are publishing 38 online artworks that tell the stories...

Related Topics