Morepen Laboratories get ISO-13485 certification; stock positive

The shares of small-sized API manufacturing company, Morepen Laboratories were locked in upper circuit after the company received an ISO-13485 certification, on Thursday.

ISO-13485 standard is an international certification that discusses about quality management systems (QMS), which have application in one or more stages of life-cycle of medical devise manufactured by the company.

Morepen Laboratories received the certification from British Standards Institution, UK (BSI) for its medical devices manufacturing facility at Baddi (Himachal Pradesh). After the stated certification, the company’s facility in Baddi will have to comply in manufacturing, distribution and after sales service of all diagnostic medical devices and their accessories. This is a very big revenue growth driver for the company, which increases the scope of its sales in wide area certification recognised in United Kingdom and European Union by most regulators.

The company had already benefitted from its COVID-19 related product mix, such as license to manufacture Hydroxychloroquine (HCQ) from State Drug Controller for the same plant just few weeks back. The product line also further has non-contact infrared thermometers, alcohol-based hand sanitisers, hand wash, hand rubs and face masks, which is sold under the brand name Dr Morepen.

At 11.55 stock was trading at Rs 18.44, higher by 3.77 per cent on BSE.