Panacea Biotec signs license and supply agreement with Canada's Apotex Inc.

For sales and distribution of Prasugrel 5mg and 10mg tablets in United States

Panacea Biotec has expanded its existing collaboration with Apotex Inc., the largest Canadian-owned pharmaceutical company, for sales & distribution of Prasugrel 5mg and 10mg tablets (generic version of Eli Lilly's Effient) in the USA. The Company has signed an exclusive License and Supply Agreement with Apotex for this purpose. Under the terms of the agreement, Apotex shall be responsible for sales & distribution of the product in the USA and the Company shall be responsible for manufacturing and supply.

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