contractpharmaJuly 30, 2020
Tag: Jubilant Biosys , Jubilant Chemsys , merger
Jubilant Biosys Limited, a wholly owned subsidiary of Jubilant Life Sciences Limited, has completed a merger with its sister company Jubilant Chemsys Limited, based in Noida, India. The combined entities will now operate as Jubilant Biosys Limited.
According to the companies, the merger will simplify operations and provide customers with a single brand access for a wide range of discovery, IND and PR&D and GMP development services. Biosys had earlier announced significant investment in building new research facilities in Greater Noida and in Bengaluru, India to cater to increasing customer demand for its functional services (medicinal & synthetic chemistry, structural biology, DMPK, Biology & GMP scale-up) and notably integrated drug discovery services.
Marcel Velterop, president of Jubilant Biosys Limited and CDMO, commented, "We are delighted to make this merger happen and focus our investments for growth to expand both the chemistry as well as integrated drug discovery capabilities. It provides clarity to customers and enables us to better deliver on our '4D' promise of accelerating the discovery process through increased digitization of our operations and information flow."
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