Jubilant Life Sciences has tied up with Gilead for Remdesivir which is an investigational anti-viral therapy developed by Gilead and it has received Emergency Use Authorisation (EUA) by USFDA to treat Covid-19. We feel that Jubilant Life Sciences tie-up with Gilead Will Pay handsome dividends
It is worth mentioning here that its subsidiary, Jubilant Generics Limited, has entered into a non-exclusive licensing agreement with Gilead Sciences that will grant Jubilant the right to register, manufacture and sell Gilead’s investigational drug remdesivir, a potential therapy for Covid-19 in 127 countries including India.
Jubilant will have the right to receive a technology transfer of the Gilead manufacturing process to scale up production to enable expedited access of the medicine to Covid-19 patients upon approvals by the regulatory authorities in respective countries.
Have a look at the stock chart which is on the verge of breakout and stock moving above 400 and sustaining above 445 will target the levels of 450,475,500,600 & can again reach its 26 week high which stands near 640 marks. The above news will act as a trigger to get the stock moving forward as the clarity emerges regarding the royalty payment.
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