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Panacea Biotech to develop new tech for vaccine storage

Our Bureau

New Delhi , Oct. 19

PANACEA Biotec has entered into collaboration with UK-based Cambridge Biostability Ltd for manufacturing a technology that will do away with the need of having a cold chain for storage of vaccines.

Speaking to Business Line, Mr Rajesh Jain, Joint Managing Director, Panacea, said, "This new technology, called stable liquid technology, has received 950,000 funding from the Department of International Development. By making vaccines stable across a range of temperatures, the new technology removes the need for the cold chain, which currently costs $200 million a year. It also gives vaccines a very long shelf life, which will save $100 million in wasted vaccines each year."

The new technology is expected to take about a year or two to develop and another two years to commercialise.

Through this deal, Panacea will have the production and export rights to all the vaccines using this technology," said Mr Jain.

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