Jubilant Life Sciences has signed a drug discovery pact with Finland’s Orion Corporation to develop medicines in the neuroscience therapeutic area.

Jubilant Biosys, a Bangalore-based subsidiary of Jubilant Life Sciences, has inked a drug collaboration pact with Orion Corporation, the company today said in a statement.

“The research deal is aimed at developing drug that can benefit large population with unmet needs in the pain management area,” it added.

Under the royalty-based alliance, Orion will provide royalty to Jubilant and will retain ownership of the compounds developed under the collaboration with exclusive worldwide rights, the company said.

Jubilant will offer integrated drug discovery services across synthetic and medicinal chemistry, including scale-up and pre-clinical facilities, it added.

Research for the project, which has been initiated, will be undertaken primarily at the R&D laboratories of Jubilant Biosys (India) and some parts at Jubilant Discovery Center, USA, the company said.

“Over the past few years, we have been strengthening our therapeutic area focused discovery platform, and this partnership serves as a validation of our efforts. We are confident of offering successful results to Orion at various stages of research,” Jubilant Biosys President Subir Kumar Basak said.

Jubilant Biosys is widely recognised for its expertise in offering integrated services in drug discovery and development solutions and for its prodigious capabilities in pain and inflammation, Jukka Sallinen, Head of CNS Research, Orion Pharma, said.

Jubilant shares were trading at Rs 169.80 apiece on the BSE, up 0.80 per cent from their previous close.

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