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Wockhardt hosts visit of Prime Minister of United Kingdom

Posted On: 2020-12-01 01:22:43 (Time Zone: Arizona, USA)


Wockhardt, the global pharmaceutical and biotechnology major, today, 30th November, hosted a visit at its Wrexham facility in North Wales of the Prime Minster of the United Kingdom, Mr. Boris Johnson.

The Prime Minister inspected the Wockhardt's fill finish production line and was accompanied by local Wrexham conservative MP Sarah Atherton.

The UK Government has reserved one fill and finish production line at Wockhardt UK for its exclusive use for 18 months in order to guarantee the supply of vaccines required to fight against COVID-19.

Prime Minister Boris Johnson said: "Today marks the next stage in the UK distribution of the coronavirus vaccine."

"Our agreement with Wockhardt is a significant milestone for the British life science industry and will help produce the vaccines this country needs".

"I am grateful to have met with some of the hardworking team here in Wales, who are helping take us one step closer to defeating this virus."

While acknowledging the visit as mark of Honour, the Founder Chairman of Wockhardt Dr. Habil Khorakiwala said, "The visit today, 30th November, by the Prime Minster of UK demonstrates our global strength in sterile injectable facilities and capacity. With four decades of expertise and experience behind us, we are able to quickly rise to the occasion, scale up the manufacture of much desired vaccines and assist in mitigating the global impact of COVID-19. We have more than a billion dosage capacity for both API & fill finish globally and can be partner to fight the worlds most demanding need of the hour in COVID-19."

Wockhardt is a global pharmaceutical and biotech organisation that brings affordable, high quality medicines to market. As a global organisation, Wockhardt is focussed and committed to assist in mitigating the worldwide impact of COVID-19 and the collaboration with the UK Government to make vaccines available upholds it's ongoing commitment to fight against such a pandemic of global human importance. In the UK, Wockhardt is one of the largest suppliers into the NHS for over 20 years, has had a presence in Wrexham for over two decades and employs over 400 people at its 612,000 square feet high-tech manufacturing facility.

Speaking about the visit Ravi Limaye, Managing Director Wockhardt UK said, "We are privileged to host the Prime Minister and showcase our world class manufacturing capability here in Wrexham. Our sophisticated sterile facility and highly skilled workforce are a prime example of why the manufacturing sector is a major employer accounting for around 9% of the UK workforce."

Shares of WOCKHARDT LTD. was last trading in BSE at Rs.451.9 as compared to the previous close of Rs. 434.1. The total number of shares traded during the day was 180349 in over 8690 trades.

The stock hit an intraday high of Rs. 474.2 and intraday low of 440. The net turnover during the day was Rs. 82851930.


Source: Equity Bulls

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