Drug-maker Jubilant Life Sciences today announced a price increase of 18 percent for Niacin feed-grade, with immediate effect.
Jubilant Life Sciences, ranked among the largest makers of vitamin B3 (Niacin & Niacinamide) in the world, announced a price increase of 18 percent for Niacin feed-grade, with immediate effect, for non-contract customers and wherever existing contracts permit, a company statement said.
Also Read: USFDA slaps import alert on Sun Pharma's Karkhadi plant
The company's nutrition business is backward integrated up to the initial raw material stage with global scale of operations.
Jubilant Life Sciences is engaged in manufacture and supply of Active Pharmaceutical Ingredients (APIs), solid dosage formulations, radio pharmaceuticals, allergy therapy products and life science ingredients.
It also provides services in contract manufacturing of sterile injectables and ointments, creams and liquids and drug discovery and development.
The company has 10 manufacturing facilities in India, the US and Canada and a team of over 6,300 people across the globe.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.