Panacea Biotec Ltd has commissioned a greenfield vaccine formulation plant (VFP) in Baddi, Himachal Pradesh, with several filling lines for bacterial and viral vaccines.

The new facility has been approved for the production of filling lines of bacterial and vital combination vaccines with a total production capacity of one billion doses per annum.

The company makes liquid vaccines in pre-filled syringes, liquid and lyophilised vaccines in vials.

"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," disclosed Soshil Kumar Jain.

Panacea Biotec also has also unveiled a new corporate identity, which displays a pole star and tag-line: "Innovation In Support Of Life".

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 organisation. 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."