Jubilant Life up on resolution of FDA concerns on Canada facility

Last Updated: Fri, Feb 28, 2014 09:08 hrs

Shares in Jubilant Life Sciences gain 7.2 percent after the U.S. Food and Drug Administration (FDA) gives a green-light to its pharmaceutical manufacturing facility at Montreal, Canada.

"This resolves all issues raised by the FDA on the facility in February 2013 and subsequent communications," the company's statement added.

The company on February 27 said U.S. health regulators issued a warning letter to the company, citing "significant violations" of manufacturing standards at its facility in Canada.

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