Panacea Biotec is a global generic and specialty pharmaceutical and vaccine maker registered in India with principal offices in New Delhi, Mumbai, and Lalru. Panacea Drugs Pvt. Ltd. was set up in the year 1984 and got listed in 1995 as Panacea Biotec Ltd. The company has grown organically to become one of the largest vaccine manufacturers in India. It has strong roots in research, development, manufacturing and marketing of pharmaceutical formulations, vaccines, biosimilars, and natural products. Russian Direct Investment Fund (RDIF) collaborated with Panacea Biotec to produce 'Sputnik V' Covid-19 vaccine in India.