Jubilant Pharma to sell 25.8% stake in Sofie Biosciences for $139.4m

Jubilant Pharma to sell 25.8% stake in Sofie Biosciences for $139.4m

Jubilant Pharma Limited, Singapore, a wholly owned subsidiary of Jubilant Pharmova, has announced a significant financial move by selling its entire 25.8% stake in Sofie Biosciences Inc., USA, for a total of approximately USD 139.43 million, including preferred returns. Jubilant Pharma initially invested USD 25 million in Sofie Biosciences in November 2020. Sofie, a company […]