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Morepen gets US FDA clearance for anti-asthmatic drug Montelukast

Morepen is the market leader for Montelukast in India with over 50 per cent market share, supplying to almost all major finished dosage manufacturers in India

ANI  |  New Delhi [India] 

Pharmaceuticals, drugs, pharma industry, medical, health, lab

The United States (USFDA) has cleared Sodium, a bulk drug / API manufactured by Morepen Laboratories Ltd., for sale in the US market. This gives Morepen an entry into the Rs. 2000 crore (Approx. $ 300 million) US market for The first commercial orders for the bulk drug are expected in Q2 of FY 2018-19.

Expressing happiness on the development, Sushil Suri, Chairman and Managing Director, Morepen Laboratories Ltd., said, "It's a big development for us as it is in recognition of our continuous efforts to produce world class API's over more than three decades. Our image as a quality API supplier gets cemented with the entry of in the US market. It would provide a major boost to the company's top line and thus the bottom line in the years to come."

Montelukast's global market is estimated at about Rs. 13000 crore (Approx. $2 billion) out of which US market alone is Rs 2,000 crore. The patent for has expired in all the markets worldwide. In US, the product patent got expired in 2012 and subsequently process patent expired in 2014.

is another blockbuster product for Morepen after Loratadine. Morepen is amongst the largest producers of globally with an annual capacity of more than 30 tons.

Besides, Morepen is the market leader for in India with over 50 per cent market share, supplying to almost all major finished dosage manufacturers in India. Already crossed Rs 100 crore annual sales from Sodium alone, Morepen is going to get a business of around Rs. 500 crore from this API in next three to four years.

Morepen holds process patent for Sodium Amorphous for US, Canada and Europe markets. The company's manufacturing process yields very less impurities, very less residual solvents, higher assay, better color of the API and is an environment friendly process as it does not involve use of class II solvents.

Morepen's API supplies are regular to various countries in Europe and also to China. Morepen also holds accreditations for other countries including Canada, Russia, Taiwan, Iran for Commercial sales of are presently reaching customers in about 35 countries. U. S. supplies would also commence following the USFDA clearance.

is manufactured at Morepen's Masulkhana facility, which has been inspected by various global regulatory agencies like US FDA, EU GMP, TGA and others. is manufactured under strict quality control complying with cGMP requirements and meeting various other global manufacturing standards having already obtained COS (Certificate of Suitability) in Europe and IDL (Import Drug Licence) from China.

In the First Half (H1) of FY 2017-18, ended September 30, 2017, Morepen has reported a rise of 9 per cent in its net profit at Rs. 12.34 crore on its net sales of Rs. 257 crore. Morepen has also recently entered into a tie-up with Vesale Pharma International of Belgium to strengthen its position in the Rs. 1000 crore Probiotics market in India.

First Published: Wed, December 20 2017. 14:58 IST