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Jubilant In Long Term Supply Pact

Contract valued at more than $80 million

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Jubilant Life Sciences Ltd. has signed a long-term supply agreement for a new product with a leading global life sciences company. The total contract is valued at more than $80 million to be supplied in three years beginning April – June 2012. The contract has a minimum volume commitment with an opportunity to exceed $100 million.
 
According to a company statement, “The product under the contract is based on an in-house developed technology, integrated with produced raw material resulting in competitive advantage both in terms of cost of production and capital investment.”

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