JB Chemicals & Pharmaceuticals on Wednesday said the Medicines Authority of Malta has granted European GMP approval to its manufacturing facilities located at Panoli, Gujarat. The approval, which is valid in the entire European Union, will help the company increase its product basket and boost its contract manufacturing business, which is a focussed business area, JB Chemicals said. The Medicines Authority of Malta has accorded its approval to the company’s manufacturing facilities for tablets, capsules, liquids for internal use and semi-solids. The stock gained 3.35 per cent at ₹328.55 on the NSE.

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