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001122334455554433221100

morepen labs plans to spin off medical devices business for growth potential

Morepen Labs plans to spin off its medical devices business into a separate unlisted subsidiary within 12-24 months to enhance investor value, with expectations of 25-28% growth. The company aims to expand glucometer production from 2.5 million to 5 million units annually by FY26, targeting regulated markets like the US by FY27. Backward integration efforts are underway, focusing on manufacturing components in India and increasing strip production to 700 million by FY26.
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United States Dollar Indian Rupee Morepen Laboratories Limited Bank of America Corporation BNP Paribas SA Citigroup Inc. Samsung Nomura Holdings, Inc. Societe Generale Batiment SA Morgan Stanley IND Sushil Suri Donald Trump Joe Biden Show more
Healthcare, Market Report
09:00 07.10.2024
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