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08 March, 2021 12:32 IST
Caplin Point Lab subsidiary in partnership with JAMP Pharma Group
Source: IRIS | 18 Jan, 2021, 12.49PM
Rating: NAN / 5 stars.
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 Caplin Point Laboratories announced that its subsidiary Caplin Steriles has entered into a strategic partnership with JAMP Pharma Group for six injectable products to be filed shortly in Canada. Some of these products have already been filed by Caplin Steriles in the USA.

Commenting on the transaction, C C. Paarthipan, Chairman of Caplin Point Laboratories, said, "We have targeted Canada as one of our key expansion areas in Regulated Markets and we are excited to work with ]AMP, one of the fastest growing companies in Canada. We are confident that we will be adding more products to this partnership in due course."

Louis Pilon, JAMP Pharma Group's CEO added, "We are very pleased and excited to enter into this partnership with Caplin Point Laboratories. This partnership will allow us to continue our mission to provide more affordable options to Canadian patients, as well as our retail and institutional partners. We certainly hope to collaborate on more products with our new partner in the coming years."

Caplin Point Laboratories is a fast growing pharmaceutical company with a unique business model, catering predominantly to emerging markets of Latin America and Africa.

Caplin Steriles, a subsidiary of Caplin Point Laboratories, is a niche sterile product manufacturing company that is approved by US FDA and EU-GMP.

 Shares of the company declined Rs 1.5, or 0.31%, to trade at  Rs 485.50.  The total volume of shares traded  was  9,368 at the BSE (11.25 a.m., Monday).

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