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Money News

Panacea Biotec signs swine flu vaccine pact

MUMBAI (Reuters) - Panacea Biotec said on Wednesday it has signed an advance market agreement with the Government of India to manufacture Pandyflu, the firm’s swine flu vaccine.

The company , which has set up a manufacturing unit in Punjab for the vaccine, will have an annual capacity of 45 million doses, it said in a statement.

The firm also said it expects the vaccine to be available by April 2010 for emrgency use, it added.

Reporting by Nandita Bose; Editing by Prem Udayabhanu

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