Neuland Laboratories and Jubilant Life Sciences Hikes 13% & 7% Respectively on Thursday

Neulands Laboratories shares surged 13% intraday Thursday after USFDA (United States Food & Drug Administration) issued no observation to its manufacturing and production facility. The USFDA  inspected company’s manufacturing unit located at Pashmylaram, Patancheru Mandal, Telangana from Nov 26 to 29, 2018.

The inspection by USFDA has been completed successfully with No Observations under Form 483. The share price touched 52-week high INR 1,035 and 52-week low INR 485.10 on Nov 29, 2017, and Nov 28, 2018. At 4:00 PM, 29 November 2018, the share price was quoting at INR 517.20 up INR 27.65 or 5.65%.

Jubilant Life Sciences share price increased 7.3% intraday Thursday as the subsidiary of the company is going to acquire stocks in US company. The Drug Discovery & Development Solutions, Singapore – a subsidiary firm has entered into the stock purchase agreement for acquired around 5,34,194 shares of Inipharm Inc, USA on 29th November 2018.

At 03:55 PM, November 29, 2018, the share price was quoting INR 742.65 or up INR 46.10 or 6.62%.

Image Credit:Neuland Laboratories

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