Demand for sugar, BP machines drive Morepen Q2 profits

Medical devices and chemicals manufacturer Morepen Laboratories reported a strong increase in revenue and profitability, as demand for its home diagnostic equipment such as glucose meters shot up in the aftermath of the COVID-19 pandemic. The company’s revenue for the Jul-Sep period jumped by 17% on year to Rs 398 cr, while net profit jumped […]

Morepen Labs readies multi-billion APIs for manufacturing from Dec

Pharmaceuticals manufacturer Morepen Laboratories Ltd said it is ready to start manufacturing and selling three multi-billion dollar drugs, two of which are set to go off-patent in December this year. The current global market size for Rivaroxaban, a powerful anticoagulant (blood thinner), is $7.19 billion (Rs. 51,000 cores). It is the 10th largest selling drug […]