Novelix Pharma Signs Scale-Up Agreement for Astaxanthin Production

Novelix Pharmaceuticals Ltd. has entered into a production scale-up agreement with GMBU e.V., Germany, for Astaxanthin. This follows successful pilot-scale production. The agreement aims to commercialize Astaxanthin production at Novelix's Hyderabad facilities. The company confirmed that GMBU e.V. is not a related party, and the transaction is at arm's length. This marks a significant step in commercializing the product.