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Jubilant Generics invests Rs 20 lakh in Jubilant Pharma Canada

Noida: Jubilant Pharmova has announced that Jubilant Generics, a step-down wholly owned subsidiary of the Company, has made an investment of approx..Rs 0.20 crores in Jubilant Pharmaceuticals Inc., Canada.
Following the initial investment, Jubilant Pharmaceuticals Inc. has become a step-down wholly owned subsidiary of the Company.
The company said this transaction is aimed at establishing a branded generics business in Canada, strengthening Jubilant’s presence in the Canadian market, and resulting in revenue growth.
As part of the transaction, Jubilant Generics has made an initial investment of CAD 30,000 (approximately ₹0.20 crore) to subscribe to 30,000 shares of common stock.
Read also: Jubilant Pharmova ropes in Daniel J O'Connor as CEO of Proprietary Novel drugs business
Jubilant Pharmova Limited, formerly Jubilant Life Sciences Limited, is a company with a global presence that is involved in Radiopharma, Allergy Immunotherapy, CDMO Sterile Injectables, Contract Research Development and Manufacturing Organisation (CRDMO), Generics and Proprietary Novel Drugs businesses.
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

