Panacea Biotec, a research based health management company, witnessed a rise in share price on Friday after it has entered into a collaboration with Rising Pharmaceuticals, one of industry's leading organization involved in marketing and distribution of innovative branded and multi-source prescription and over-the counter pharmaceutical products in USA.

Shares of the company are trading at Rs 173.35, up Rs 13.45, or 8.41% at the Bombay Stock Exchange (BSE) on Friday at 11:50 a.m.

The scrip has touched an intra-day high of Rs 184.40 and low of Rs 158.70. The total volume of shares traded at the BSE is 83,318.