Jubilant Life Sciences Ltd, an integrated Pharma and Life Sciences Company and the largest Custom Research & Manufacturing player out of India announced recently that its subsidiary, Jubilant HollisterStier, a leading contract manufacturer in North America has entered into a multi year contract with a leading US pharma company to manufacture a prominent over the counter (OTC) women health and personal care product at its Montreal facility in North America. This is a 'take or pay' contract with a minimum quantity commitment and has a total value of over US $ 70M for a period of over 4 years with a possibility of extension for another 2 years for a higher quantity. The production of the product under this agreement started at Jubilant HollisterStier manufacturing facility in Montreal, Canada, earlier this month.
Commenting on the development, Mr. Shyam S Bhartia, Chairman & Managing Director and Mr. Hari S Bhartia, Co-Chairman & Managing Director, Jubilant Life Sciences Ltd, said, "This contract is an outcome of our strategy to expand our offerings across products and geographies. We are happy to extend our CMO services for an OTC women health product with a leading customer in North America. Over the years we have successfully helped provide safe and effective products to consumers and are committed to do so for this product as well."
Jubilant HollisterStier facility in Montreal manufactures global quality OCL (ointment, creams liquid) products as well as sterile liquid and lyophilized products.
Jubilant Life Sciences Limited, is an integrated Pharma and Life Sciences Company. It is the largest Custom Research and Manufacturing Services (CRAMS) Company and a leading Drug Discovery & Development Solutions provider out of India. The Company provides Life Sciences products and services across the value chain. With 10 world-class manufacturing facilities and a team of ~5800 multicultural people across the globe, the Company is committed to deliver value to its customers spread across over 75 countries. The Company is well recognized as a "Partner of Choice" by leading life sciences companies worldwide. Its revenues for FY 2011 stood at US$ 770 Mn. For more information, visit www.jubl.com
About Jubilant HollisterStier
Jubilant HollisterStier is a subsidiary of Jubilant Life Sciences, an integrated pharma and life sciences company headquartered in India. Through its Contract Manufacturing & Services division, it provides its customers global manufacturing services to aseptically fill liquid and lyophilized products, semi-solid as well as solid dosage forms at its facilities in the United States, Canada, and India. Jubilant HollisterStier offers highly-skilled, cross-functional teams to provide custom solutions to customer-specific project goals from development through commercialization. Jubilant HollisterStier is committed to providing exceptional quality, regulatory expertise and operational excellence to ensure streamlined processes and services in all facilities. For more info about Jubilant HollisterStier, For more info: www.jublHS.com
SOURCE: Jubilant Life Sciences Ltd