Jubilant Life signs deals for diagnostic product supply

New Delhi : Jubilant Life Sciences said its subsidiary had signed long-term contracts in the US for supply of some of its diagnostic and therapeutic products.

In a BSE filing, Jubilant Life Sciences said, "Its wholly-owned subsidiary Jubilant Pharma, through one of its units, Jubilant DraxImage Montreal Canada (JDI), has signed long-term contracts with distribution networks in the US for supply of products used for diagnostic and therapeutic procedures for thyroid, myocardial perfusion, lungs, kidney and bone scans to be supplied by JDI over 39 months effective January 2017."

Chairman Shyam S. Bhartia and co-Chairman and MD Hari S. Bhartia said, "These contracts provide visibility on our future revenues with differentiated and niche products in our specialty pharma business and will strengthen the company for its growth, going forward."

The stock was trading 4.30 per cent higher at Rs 665.25 on BSE.