Jubilant Biosys, a unit of Jubilant Life Sciences, has received an undisclosed amount as a milestone payment from AstraZeneca for its research on pain management in the neuroscience therapeutic area.

“The collaboration, which initiated two years ago in neuroscience therapeutic area, has now expanded to cardiovascular and metabolic diseases and focuses on the delivery of a steady stream of pre-clinical outcomes to AstraZeneca by Jubilant,” Jubilant Life Sciences said in a statement today.

Earlier this week, Jubilant Biosys along with the US-based Endo Pharmaceuticals received an undisclosed milestone payment for their joint programme on cancer.

Commenting on the development, the Jubilant Global Drug Discovery and Development CEO & President, Sri Mosur, said: “We are pleased that we have delivered outcomes and early success to the portfolio efforts at AstraZeneca. This is the result of excellent collaboration between scientists at Jubilant and AstraZeneca.”

The alliance between Jubilant and London-headquartered drug firm AstraZeneca in the neuroscience therapeutic area began two years ago.

As part of the partnership, AstraZeneca owns the compounds developed under the collaboration with worldwide development and commercialisation rights, it said.

On the other hand, Jubilant derives research funding and success-based development and commercialisation milestone payments.

Meanwhile, the shares of Jubilant Life Sciences ended the session at Rs 164 apiece on the Bombay Stock Exchange today, up 1.39 per cent from the previous close.

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