India's Panacea Biotec rises on getting loan to expand capacity

Panacea Biotec

13/09/2024 05:14

** Shares of Panacea Biotec  PNCA.NS  up 1.5% at near
three-year highs
    ** Stock on course to extend five-day winning run
    ** Co gets commitment from U.S. International Development
Finance Corp for loan of up to $20 mln to expand manufacturing
capacity
    ** Stock on pace for fifth straight weekly rise, up ~25%
this week
    ** PNCA up ~83% YTD vs ~43% climb in rival Sanofi India
 SANO.NS 

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))