Gurugram | April 1, 2025
Morepen Laboratories Ltd. (NSE: MOREPENLAB | BSE: 500288) announced a key regulatory breakthrough as it secured approval from the Center for Drug Evaluation (CDE) of the National Medical Products Administration (NMPA), China, for the export of its anti-allergy API, Loratadine. This marks a pivotal step in the company's global expansion strategy and opens access to one of the world’s largest pharmaceutical markets.Key Highlights
Metric | Details |
---|---|
Product Approved | Loratadine (anti-allergy API) |
Approval Authority | CDE, NMPA (China) |
Target Market | China |
Global Market Share (US) | Over 80% in generics |
API Export Value | ₹650 crore |
Countries Exported To | 82 |
Annual API Capacity | 144 metric tons |
Strategic Expansion into China
“This approval by China’s NMPA is a testament to Morepen’s unwavering commitment to quality, regulatory excellence, and global market expansion,” said Kushal Suri, Director – Sales & Marketing, Morepen Laboratories.He emphasized that China presents a vast growth opportunity, and the approval will enable the company to meet growing demand for high-quality antihistamine and anti-allergy APIs, while strengthening Morepen's position in global healthcare.
Leadership in API Exports
Morepen is India’s number one exporter of six leading APIs:- Loratadine
- Montelukast
- Desloratadine
- Atorvastatin
- Rosuvastatin
- Fexofenadine
Regulatory & R&D Credentials
- 167 patents
- 27 USDMFs
- 12 CEPs
- 10 IDLs (China)
- 278 other DMFs
- 44 new products in the pipeline