Jubilant Biosys Limited Seals Deal With Pierre Fabre SA

Jubilant Biosys acquires 80% stake in Pierre Fabre's R&D unit, expanding its European presence in biologics and ADCs.

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Jubilant Biosys acquires 80% stake in Pierre Fabre's R&D unit, expanding its European presence in biologics and ADCs.

Jubilant Biosys Innovative Research Services Pte. Limited, Singapore (JBIRSPL), a subsidiary of Jubilant Biosys Limited, a wholly owned subsidiary of Jubilant Pharmova Limited, has executed the transaction definitive agreements with Pierre Fabre SA, and its affiliate entities ("PF"), for JBIRSPL to acquire 80% equity capital in JASMIN (new company incorporated by PF in France, as a Societe par Actions Simplifiee (SAS)), with remaining 20% retained by PF.

At closing of the transaction, JASMIN shall acquire Pierre Fabre's R&D Centre (including R&D Site and R&D activities) at Saint-Julien-en-Genevois, France, and JBIRSPL would also execute a Shareholders' Agreement and other transition agreements with PF.

Strategic Rationale

This strategic agreement will enable Jubilant Biosys Limited to expand its footprint in Europe in areas like Biologics (mAbs) and Antibody Drug Conjugate (ADC), in addition to its existing services including integrated drug discovery services from India.

Expands Jubilant's addressable market in the fast-growing (20% CAGR) ADC/XDC segment: Expands Jubilant's addressable market in ADC CDMO to ~$1.4 Bn. Next gen XDCs pipeline is also growing rapidly