BENGALURU (Reuters) – Indian biotech firm Panacea Biotec Ltd said on Wednesday it would partner with U.S.-based Refana Inc to make a potential vaccine for COVID-19.
The collaboration aims to make more than 500 million doses of the vaccine candidate, with over 40 million doses expected to be available early next year, Panacea said in a statement to stock exchanges. (https://bit.ly/3dPPZQM)
Panacea’s shares jumped 20% in morning trading on India’s National Stock Exchange after the news.
(Reporting by Sachin Ravikumar; Editing by Shailesh Kuber)