Panacea Biotec inaugurated its Greenfield construction Vaccine Formulation plant (VFP) in Baddi, Himachal Pradesh. The plant has been commissioned with several filling lines for bacterial and viral vaccines complying with WHO, cGMP norms for liquid Vaccines in pre-filled syringes, liquid and lyophilized vaccines in vials. The total production capacity of this facility is one billion doses per annum. The plant was inaugurated by company chairman, Soshil Kumar Jain.

"The new world class facility has been designed, constructed, and approved for the production of filling lines of bacterial and vital combination vaccines. The unit will increase our production capacity of vaccines substantially in scale and size. It would significantly improve our market presence globally and augment our plans to become a global leader in this field." said Soshil Kumar Jain, on the occasion.

The three-story production block is spread over approx. 2800 M2 construction area at each floor. The production floor has non-metallic modular panels for partitioning in the critical area having walk able ceiling for easy maintenance of supply ends for utilities, clean air and lighting system. The plant also has a two-story block of warehouse-cum-cold storage facility admeasuring approx. 2500 M2 on each floor.

Panacea Biotec also unveiled its new corporate identity on the occasion. The new identity which displays a pole star and tag-line- , has been created by a leading designing agency. Speaking about the new identity, Rajesh Jain, joint managing director said, "We have travelled a long way and after having established ourselves as a leading, research based, healthcare company, we now aspire to become a global organization. We aspire to create an innovative, world class healthcare company, to be respected and quoted for its values, culture and success. This needed a different perception about the company and here we are with our new identity."