Singapore, 1 July 2017 – Verita Healthcare Group (“Verita”) through its subsidiary Verita Research Pte Ltd, has sold 100% of Australian Life Sciences Pty Ltd (“ALS”) located in Sydney, Australia to Verita Pharm Pty Ltd (“VP”) a subsidiary of Verita Healthcare Group.

ALS is the Pharmaceutical Research and Development company that both develops proprietary drug technology and provides full service support for Product Research & Development to external clients has been integrated with the GMP Pharmaceutical facility VP to develop a vertically integrated, multi-faceted manufacturing facility.