Corporate News     03-Dec-21
Morepen Laboratories receives USFDA approval for Fexofinadine Hydrochloride (Allegra)
Morepen Laboratories has received USFDA approval for its anti-allergy drug Fexofinadine Hydrochloride that is marketed in India under the popular brand name Allegra, among others and is the block buster drug of the innovator company Sanofi Aventis, France.

Fexofinadine is most widely used, second generation antihistamine drug for the treatment of allergy symptoms and hay fever.

The company has tied-up for regular supplies of Fexofinadine to one of its top US customers, with which the company has long standing relations lasting over two decades. The company has already supplied validation quantities and the regular commercial supplies would start after approval of validation batches. Fexofinadine is a very established anti-allergy drug with a market size of around 700MT and expected to give immediate impetus to company's export business.

Morepen is the third largest exporters of this drug to the world and will move up in the ranks after this approval. The export of Fexofenadine to the highly regulated US market is expected to see multi-fold growth resulting in better profitability margins for the company. The company is having sufficient capacity to service the present demand and is also expanding capacities to become a leading player in the product in the coming years.

Previous News
  Morepen Laboratories consolidated net profit rises 243.20% in the March 2024 quarter
 ( Results - Announcements 21-May-24   17:46 )
  Morepen Laboratories consolidated net profit rises 565.93% in the September 2020 quarter
 ( Results - Announcements 09-Nov-20   16:30 )
  Morepen Laboratories to declare Quarterly Result
 ( Corporate News - 06-Nov-21   15:44 )
  Healthcare Global Enterprises Ltd Surges 4.7%
 ( Hot Pursuit - 03-May-21   09:30 )
  Morepen Laboratories standalone net profit declines 41.35% in the December 2016 quarter
 ( Results - Announcements 08-Feb-17   17:26 )
  Morepen Laboratories Ltd leads gainers in 'A' group
 ( Hot Pursuit - 10-Mar-21   12:00 )
  Morepen Laboratories receives USFDA approval for Fexofinadine Hydrochloride (Allegra)
 ( Corporate News - 03-Dec-21   12:20 )
  Morepen Laboratories standalone net profit declines 34.23% in the June 2017 quarter
 ( Results - Announcements 11-Sep-17   16:41 )
  Morepen Laboratories gets USFDA clearance for its bulk drug Montelukast Sodium
 ( Corporate News - 20-Dec-17   10:23 )
  Board of Morepen Laboratories approves increase in authorised share capital and issue of warrants
 ( Corporate News - 19-Sep-19   18:08 )
  Morepen Laboratories reports net loss of Rs 11.54 crore in the December 2010 quarter
 ( Results - Announcements 11-Feb-11   21:42 )
Other Stories
  Board of Delhivery approves alteration in capital clause of MoA
  05-Jul-24   19:32
  J B Chemicals & Pharmaceuticals appoints director
  05-Jul-24   19:30
  Infosys announces resignation of senior management personnel
  05-Jul-24   19:22
  JLR Q1 FY25 retail sales up 9% on YoY basis
  05-Jul-24   19:08
  Bajaj Auto launches world's first CNG motorcycle 'Freedom'
  05-Jul-24   18:59
  Agenda for board meeting of Power Grid Corporation of India
  05-Jul-24   18:46
  Board of Bank of Baroda approves raising additional capital up to Rs 7,500 cr in FY25
  05-Jul-24   18:06
  Vipul to hold board meeting
  05-Jul-24   17:15
  Markobenz Ventures to convene board meeting
  05-Jul-24   17:15
  Dhanashree Electronics to declare Quarterly Result
  05-Jul-24   17:15
Back Top