Akums Drugs and Pharmaceuticals Ltd enters into license and distribution agreement with Triple Hair Inc., Canada

Akums Drugs and Pharmaceuticals Limited ("the Company") has entered into a License & Distribution Agreement with Triple Hair Inc, a company duly incorporated under the laws of New Brunswick, Canada, having its registered office at 5085 Principale-Est Av, Dieppe, New Brunswick, Canada.

As per the terms of the agreement, Company has been granted the exclusive rights to further develop and market the products recently innovated by Triple Hair Inc, in the Territory of India. The Company will undertake this development and commercialization after obtaining the necessary regulatory approvals or requisite licenses in India. The agreement grants the Company exclusive right to use Triple Hair's intellectual property rights (Patent) solely to carry out the studies and perform the services as stipulated in the agreement.

Further, Company will manage the commercial strategy to promote and offer Triple Hair's patented products to its own marketing partners and clients within the Indian market exclusively.

Shares of Akums Drugs and Pharmaceuticals Limited was last trading in BSE at Rs. 881.05 as compared to the previous close of Rs. 844.10. The total number of shares traded during the day was 11978 in over 969 trades.

The stock hit an intraday high of Rs. 889.95 and intraday low of 815.00. The net turnover during the day was Rs. 10358394.00.

Source : Equity Bulls

Keywords

AkumsDrugsandPharmaceuticals AKUMS INE09XN01023 License Distribution Agreement TripleHairInc