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Jubilant Life Sciences gains as its arm enters into exclusive out-licensing agreement with Checkpoint

27 May 2016 Evaluate

Jubilant Life Sciences is currently trading at Rs. 351.00, up by 4.50 points or 1.30% from its previous closing of Rs. 346.50 on the BSE.

The scrip opened at Rs. 351.00 and has touched a high and low of Rs. 353.40 and Rs. 351.00 respectively. So far 5,007 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 455.00 on 07-Dec-2015 and a 52 week low of Rs. 162.50 on 03-Jun-2015.

Last one week high and low of the scrip stood at Rs. 379.75 and Rs. 335.00 respectively. The current market cap of the company is Rs. 5,601.00 crore.

The promoters holding in the company stood at 54.02% while Institutions and Non-Institutions held 27.56% and 18.41% respectively.

Jubilant Life Sciences’ subsidiary and Checkpoint Therapeutics, Inc. (Checkpoint), a subsidiary of Fortress Biotech, Inc. have inked an exclusive, worldwide license agreement under which Jubilant Biosys will out-license to Checkpoint a family of patents covering compounds that inhibit BRD4, a member of the BET (Bromodomain and Extra Terminal) domain for cancer treatment. The deal includes an upfront payment of $2 million and contingent preclinical, clinical and regulatory payments including commercial milestones totaling up to $180 million.

Jubilant Biosys will also receive research funding and royalty payments on successful commercialization of the compounds. Checkpoint will assume all further preclinical, clinical development and commercialization responsibilities.

Jubilant Life Sciences is an integrated global Pharmaceutical and Life Sciences Company engaged in manufacture and supply of APIs, Solid Dosage Formulations, Radiopharmaceuticals, Allergy Therapy Products and Life Science Ingredients.



Jubilant Pharmova Share Price

911.60 6.55 (0.72%)
17-Apr-2026 16:59 View Price Chart
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