Jubilant Pharmova radiopharma unit to invest CAD 94.5 million to double RUBY-FILL production
Jubilant Pharmova’s radiopharma business will invest CAD 94.5 million to modernise and expand its Kirkland, Québec facility and double RUBY-FILL production capacity. The Government of Canada will provide CAD 23.8 million in financial support.
Jubilant Pharmova Ltd on Thursday said its radiopharma business will invest CAD 94.5 million to modernise and expand its Kirkland, Québec facility and double the production capacity of its flagship product, RUBY-FILL.The Government of Canada will provide CAD 23.8 million in financial support for the project through the Strategic Response Fund’s innovation funding stream. The investment will also increase production capacity across the radiopharmaceutical portfolio pipeline, according to the company.Jubilant DraxImage Inc., a subsidiary of Jubilant Pharma Ltd, which is a wholly owned subsidiary of Jubilant Pharmova, announced the investment. The company said demand for RUBY-FILL remains very strong, with its customer base doubling over the last three years.
The expansion will allow the business to fulfil the increased demand for the product.ALSO READ | Jubilant Pharmova Q1 profit falls 45% as margins come under pressureJubilant Radiopharma's portfolio spans both diagnostic and therapeutic solutions that support precision medicine across cardiology, oncology, and nuclear medicine. Specifically, RUBY-FILL enables the on-site production of Rubidium-82 for cardiac PET imaging, helping clinicians accurately assess coronary artery disease and improve patientcare.This investment recognises Jubilant Radiopharma’s innovation capabilities in Nuclear Medicine and the important role our sector plays in advancing both diagnostic and therapeutic treatments. This project will build our deep capability here in Quebec, create and secure high-value jobs, and ensure a reliable supply of essential radiopharmaceutical products in Canada and around the world.HARSHER SINGH, CEO, JUBILANT RADIOPHARMA BUSINESS The Technetium-99m diagnostic portfolio supports a broad range of SPECT imaging procedures.
These products play a critical role in disease detection, diagnosis, staging, and treatment planning across multiple clinical specialties, including oncology, cardiology, and neurology.In the therapeutic space, our Iodine-131 products have long supported the treatment of thyroid disease, thyroid cancer and neuroblastoma through targeted delivery of radiation to diseased tissue.ALSO READ | Jubilant Pharmova's US CMO facility gets 'Voluntary Action Indicated' classificationThe Kirkland facility is the only site in Canada producing these product categories. The investment will support the modernisation and expansion of the facility, including the installation of state-of-the-art production equipment, enabling Jubilant Radiopharma to double its manufacturing capacity to meet growing global demand for RUBY- FILL.Shares of Jubilant Pharmova Ltd ended at ₹936.15, down by ₹38.10, or 3.91%, on the BSE.
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