Panacea Biotec shares trade flat after USFDA classifies Baddi facility!
Fri, Feb 2, 2024 12:43 PM

Panacea Biotec shares trade flat after USFDA classifies Baddi facility!

A Flip by Avya Verma
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Panacea Biotec's share price remained steady after receiving a notice from the USFDA classifying an inspection at its subsidiary as "Official Action Indicated". The company received 9 observations and will address them. Despite this, PBPL will continue to distribute products for the US market without any major impacts on current business. A meeting is scheduled for Feb 13.

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