UTTAR PRADESH, India, October 6, 2008- Jubilant Organosys Limited, parent company to HollisterStier Laboratories and DRAXIS Specialty Pharmaceuticals, is pleased to announce the strategic alignment of the organizations.
Both HollisterStier and Draxis are leaders in the manufacturing services and specialty pharmaceutical products industries and, together with Jubilant, have outlined a cohesive operating strategy that will leverage the capabilities of the organizations. Jubilant has put in place a leadership team to spearhead this alignment which is aimed to broaden the capacity, capability and services offered to clients.
Marcelo Morales has been named Chief Executive Officer for the Contract Manufacturing organizations that will be inclusive of the sterile injectables manufacturing arm of HollisterStier and the sterile and non-sterile manufacturing operation of DRAXIS.
DRAXIS' current Chief Executive Officer, Jean Pierre Robert, has been named CEO for the Specialty Pharmaceutical organization, under which the well established imaging technologies of DRAXIS and Allergy Therapeutics of HollisterStier will fall.
"These changes are expected to result in exciting opportunities for our combined organizations as well as our clients," said Jubilant Organosys Chairman & Managing Director, Shyam Bhartia. "Providing continued innovation and expanding our breadth of services and locations helps us ensure that our customers receive the level of quality, flexibility and expertise that the market demands."
About Jubilant Organosys Limited
Jubilant Organosys Limited is an integrated pharmaceutical industry player and is one of the largest custom research and manufacturing services (CRAMS) and drug discovery and development services companies out of India. The company has a presence across the pharmaceutical value chain for products and services such as proprietary products, exclusive synthesis, active pharmaceutical ingredients, contract manufacturing of sterile injectables (liquids and lyophilized) products, non-steriles (ointments, creams and liquid) and radiopharmaceuticals, drug discovery services, medicinal chemistry services, clinical research services, generic dosage forms and Health Care. Headquartered in India, the company has more than 4,300 employees across organizations in India, North America, Europe and China, with four manufacturing locations in India, one in Canada and two in the United States. For more information about Jubilant Organosys Limited, visit :
www.jubl.com.
About HollisterStier Laboratories
HollisterStier Laboratories LLC provides a complete range of services to support the pharmaceutical and biopharmaceutical industries. HollisterStier's Contract Manufacturing division provides state-of-the-art clinical through commercial aseptic liquid fill/finish and lyophilization services to global markets.
HollisterStier Allergy Therapeutics is a worldwide leader in the manufacture of allergenic extracts, targeted primarily at treating allergies and asthma. HollisterStier is owned by Jubilant Organosys Limited and is based in Spokane, Washington, USA. For further information about HollisterStier Laboratories, visit :
www.hollisterstier.com.
About DRAXIS Health Inc.
DRAXIS Health Inc., through its wholly owned operating subsidiary, DRAXIS Specialty Pharmaceuticals Inc. (DSPI), provides products in three categories: sterile products, non-sterile products and radiopharmaceuticals. Sterile products include liquid and freeze-dried (lyophilized) injectables plus sterile ointments and sterile creams. Non-sterile products are produced as solid oral dosage forms (tablets and capsules) and as semi-solid dosage forms (ointments and creams). Radiopharmaceuticals are used for both therapeutic and diagnostic molecular imaging applications. Pharmaceutical contract manufacturing services are provided through the DRAXIS Pharma division of DSPI and radiopharmaceuticals are developed, produced, and sold through the DRAXIMAGE division of DSPI. Consolidated operations are located in Montreal, Canada. For more information about DRAXIS, visit :
www.draxis.com.
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