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Panacea Biotec commissions Baddi plant

Panacea Biotec had commissioned a new manufacturing facility at Baddi in Himachal Pradesh with an investment of Rs. 550 million. It will manufacture anti cancer formulations and will have a capacity of 1.2 million vials. It will cater to export markets of USA, where there is a rising demand for oncology products. Currently, the company caters to the market from its Navi Mumbai plant.

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