Panacea Biotec Limited — New Orders, 24-12-2024: Bagging/Receiving of orders/contracts

Panacea Biotec has received a Letter of Award from UNICEF for the supply of 115 million doses of its bivalent oral polio vaccine (bOPV), valued at approximately $14.95 million (Rs. 127 Crore) to be delivered in calendar year 2025. This contract marks a significant international order that will support UNICEF’s vaccine requirements in various countries across Africa and Asia. Successful execution of this contract could enhance the company's revenue stream and strengthen its market position in immunization solutions. This development is a positive outlook for Panacea Biotec, highlighting its capabilities in fulfilling large-scale contracts and expanding its global footprint in the pharmaceutical sector. Shareholders should watch closely for updates related to the signing of the Long-Term Arrangement and subsequent orders that may arise.