DigitalNewsServices

24×7 Live News

US Top news

Jubilant company will sell stake in American company for $139 million

New Delhi: Subsidiary of Jubilant Farmova Jubilant Pharma will sell its entire 25.8% stake in US-based SoFi Biosciences for $139.4 million. Singapore-based Jubilant Pharma invested $25 million in SoFi in November 2020, a company statement said.
Sophie is engaged in the development and delivery of molecular diagnostics and therapeutics (theranostics). It has radiopharmaceutical production and distribution networks, mature contract manufacturing services and high-value therapeutic intellectual property. It has now entered into a definitive merger agreement with some private equity funds.



Source link

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *