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Shantha bags over Rs1,600 crore order from UN

Shantha bags over Rs1,600 crore order from UN
PTI
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First Published: Fri, Sep 04 2009. 07 48 PM IST
Updated: Fri, Sep 04 2009. 07 48 PM IST
New Delhi: Hyderabad-based Shantha Biotechnics has bagged a $340 million (around Rs 1,650 crore) order from the United Nations to supply its ‘SHAN 5´, a combination of five vaccines.
Shantha Biotechnics, which was recently acquired by European pharma giant Sanofi Aventis through its vaccine division Sanofi Pasteur for about Rs3,000 crore, will supply the vaccines for the period between 2010 and 2012.
“These new contracts illustrate Sanofi Pasteur’s public health mission and strategy to develop Shantha as a platform to address the need for high quality affordable vaccination in the international markets,” Sanofi Aventis said in a statement.
SHAN 5 is a combination of five vaccines used in immunising children against diseases—Diptheria, Tetanus, Pertussis, Hepatitis B and Hemophilus Influenza B.
“While Shantha Biotechnics is joining the Sanofi-Aventis Group, these contracts perfectly illustrate our ambition to provide the best vaccines at affordable prices to many people around the world,” Sanofi Pasteur CEO and president Wayne Pisano said.
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First Published: Fri, Sep 04 2009. 07 48 PM IST