In May 2020, Jubilant entered into a non-exclusive Licensing Agreement with Gilead Sciences, Inc., that granted it the right to register, manufacture and sell Gilead’s investigational drug remdesivir in 127 countries including India.
The scrip rallied 4.99 per cent to Rs 429.95 on the BSE, and 4.99 per cent to Rs 428.55 on the NSE.
Indian pharmaceutical manufacturers, Jubilant Life Sciences, Cipla Ltd, Hetero Labs Ltd and Mylan and Pakistani firm Ferozsons Laboratories have signed the commercial agreement that allows the companies to manufacture remdesivir for distribution in 127 countries, including India.
