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Jubilant Life Sciences touches roof as its arm enters into licensing agreement with Gilead Sciences

13 May 2020 Evaluate

Jubilant Life Sciences is locked at upper circuit limit at Rs. 429.95, up by 20.45 points or 4.99% from its previous closing of Rs. 409.50 on the BSE.

The scrip opened at Rs. 429.95 and has touched a high and low of Rs. 429.95 and Rs. 429.95 respectively. So far 146 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 638.65 on 23-Jan-2020 and a 52 week low of Rs. 230.00 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 429.95 and Rs. 358.00 respectively. The current market cap of the company is Rs. 6522.56 crore.

The promoters holding in the company stood at 50.68 % while Institutions and Non-Institutions held 30.09 % and 19.24 % respectively.

Jubilant Life Sciences’ subsidiary -- Jubilant Generics has entered into a non-exclusive Licensing Agreement with Gilead Sciences, Inc. that will grant Jubilant the right to register, manufacture and sell Gilead's investigational drug, remdesivir, a potential therapy for Covid-19 in 127 countries including India. These countries consist of nearly all low-income and lower middle-income countries, as well as several upper middle and high-income countries that face significant obstacles to healthcare access.

Under the licensing agreement, Jubilant will have the right to receive a technology transfer of the Gilead manufacturing process to scale up production to enable expedited access of the medicine to Covid-19 patients upon approvals by regulatory authorities in respective countries.

Jubilant Life Sciences is an integrated global pharmaceutical and life sciences company engaged in Pharmaceuticals, Life Science Ingredients and Drug Discovery Solutions.

Jubilant Pharmova Share Price

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