Bajaj Healthcare signs API development and supply deal with a European firm for clinical trials.
Bajaj Healthcare has signed a development and supply agreement with a European entity for an Active Pharmaceutical Ingredient (API), initially supplying small quantities for clinical trials. The partnership underscores Bajaj's compliance with Good Manufacturing Practices and its manufacturing capabilities. The API will be produced at its FDA-approved facility in Savli, Vadodara, pending successful trial outcomes. Following the announcement, Bajaj's stock rose significantly.
September 23, 2024
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