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JB, Taro ink product development pact

JBCPL has entered into an agreement with Nasdaq-listed Taro for joint development of several products for the US market.

business Updated: Jan 05, 2006 11:38 IST

JB Chemicals & Pharmaceuticals Ltd (JBCPL) said on Thursday that it has entered into an agreement with Nasdaq-listed Taro Pharmaceutical Industries Ltd and its affiliate New York-based Hawthorne, for joint development of several products for the US market.

The Pharma company informed the Bombay Stock Exchange about the agreement with Taro pharma but did not disclose the details of the agreement.

"We are very happy to partner with a strong vertically integrated company like Taro. This relationship brings together the strengths of the two companies and accelerates JBCPL's ability to become a serious generic player in the US and other markets," JB Chemicals chairman and managing director JB Mody said.

First Published: Jan 05, 2006 11:38 IST