Company Profile
The word “panacea” is derived from Greek mythology, where the same is believed to be the goddess of universal remedy. Panacea Biotech Limited provides remedies, has the facilities of Research and is one of the pioneers of health management companies.
It develops pharmaceutical products, vaccines and markets the same to the end users vide the distributors, the retailers and wholesaler. It started its journey in the year 1984 and in the year 1995 it got listed and attained the stature of a Limited Organization. Currently they boast of five research centers across the country which excels in the fields of biotechnology, biopharmaceutics, pharmaceuticals and natural products. It is believed to be the biggest vaccine manufacturing company of the country. Its most famous achievement is the Polio vaccine which is believed to be implemented in about thirty countries very soon. The several noticeable feats of the company includes the first patent of product in the year 1997, Research and development tie up with an European Organization in 2001, signing an agreement for the commercialization and development of the Anthrax Vaccine and also the Japanese Encephalitis vaccine. A number of collaborations and joint ventures have also strengthened the functioning of the firm. It has the significant achievement of having the WHO prequalification for the Pentavalent vaccine.
1) Products and services Offered
Apart from the manufacturing of vaccines, and research studies, the company also concentrates on the fields of Nephrology which includes the organ transplantation and dialysis management, Diabetology, Gastroenterology, Orthopedic, Oncology and respiratory. For all the segments, a specific Strategic Business Unit has been set up for providing treatments and suitable drugs in the respective fields. All the brands that have been set up have established a special reputation of their own in the world of pharmaceuticals. The patented drugs have also been able to get hold of the confidence of the patients. The Value India Healthcare is an initiative which provides a complete basket of medicine that is needed sporadically by the doctors to prescribe for their patients. The Pain killers, the Vitamins, the antibiotics all are a part of the basket. The agreement with PT BioFarma has also facilitated them to manufacture the vaccine of measles. They have planned to send the same to various countries to reduce the measles on a global basis.
2) Awards
The pioneer pharmaceutical company has achieved a lot since its inception in the year 1984. The first organization to come up with fully liquid vaccine received the prequalification of WHO. Enivac vaccines are also World Health Organization prequalified drug that is in use in many other countries. The company was named the third largest biotechnology company of the country in the ABLE survey in 2011. This also featured in the top 50 pharma companies listed by ORG IMS. The latest feather in the cap was added by the firm when the brand PacliALL received the best product of the year award.
3) Careers
It needs no more mention of the achievements of this reputed company. The dream for any student, starting his career would be to work with such a pioneer. Panacea Biotech limited has the perfect blend of youth and the experienced to guide the freshers and the experienced alike. The students with their bachelor degree in Pharma, or micro biology can really look forward to join such an elite firm. The quality training programs offered by the company is one of the alluring aspects to a fresher.
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