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Jubilant Life Sciences restructures pharma business
July 2013
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COIMBATORE, India—Jubilant Life Sciences Ltd. has announced a decision by its board of directors to consolidate its pharma business into two verticals: pharma and drug discovery. The decision will bring active pharmaceutical ingredients, solid dosage form, radio pharmaceuticals, allergic extracts, sterile injectible and ointment, cream and liquid businesses under the auspices of pharma business and drug discovery businesses. In addition, Jubilant Life Sciences will also examine the possibility of listing the pharma business in order to raise resources and decrease debt, with a committee formed to determine the approach for consolidating the pharma and drug discovery businesses under two separate subsidiaries. Jubilant Life Sciences currently has subsidiaries in the United States, Europe, Canada, China and India, with its head office located in Uttar Pradesh, India.

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