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Morepen labs eyeing multi-billion dollar global market

Morepen labs eyeing multi-billion dollar global market
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Morepen Labs Q3 profits grow by 120% to ₹23 8 crore - The Hindu BusinessLine

February 12, 2021 × Firm sets eyes on multi-billion dollar global API (Active Pharmaceutical Ingredients) market with the addition of new molecules Morepen Laboratories Ltd has set its eyes on multi-billion dollar global API (Active Pharmaceutical Ingredients) market with the addition of new molecules, whose global patents are expiring over next few years, in its bulk drugs portfolio, the firm said here on Friday. The bulk drug molecules would be in chronic and lifestyle diseases such as anti-diabetic, anti-hypertensive, cholesterol reducers and neuro-psychiatric. These new molecules are currently under development and would come into play in phases over the next 24 to 36 months, Morepen said.

Montelukast API Market 2023 | Global Industry Growth Rate, Demand, Insights, Top Company Profiles, Key Regions

Montelukast API Market 2023 | Global Industry Growth Rate, Demand, Insights, Top Company Profiles, Key Regions
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Healthcare shares slide

Healthcare shares gain

Healthcare stocks were trading in the positive zone, with the S&P BSE Healthcare index rising 119.43 points or 0.56% at 21594.79 at 09:48 IST. Among the components of the S&P BSE Healthcare index, Marksans Pharma Ltd (up 5.42%), Suven Pharmaceuticals Ltd (up 4.41%),Novartis India Ltd (up 3.99%),Morepen Laboratories Ltd (up 3.83%),Neuland Laboratories Ltd (up 2.79%), were the top gainers. Among the other gainers were Alembic Ltd (up 2.79%), RPG Life Sciences Ltd (up 2.43%), Glenmark Pharmaceuticals Ltd (up 2.29%), Strides Pharma Science Ltd (up 2.04%), and Indoco Remedies Ltd (up 2.04%). On the other hand, Suven Life Sciences Ltd (down 4.96%), Dishman Carbogen Amcis Ltd (down 2.6%), and IOL Chemicals & Pharmaceuticals Ltd (down 2.15%) moved lower.

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