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Medicamen Biotech plans partial shutdown of plant at Bhiwadi

20 Jan 2021 Evaluate

Medicamen Biotech (MBL) has planned a partial shutdown of its plant at Bhiwadi (Rajasthan) for 4 to 6 weeks. During this upgradation the production/activities shall remain partially suspended. The upgradation would not only enable MBL to prepare for regulated market but also provide next level of growth in terms of good volume business with better margins.

Medicamen Biotech is engaged in manufacturing and marketing of pharmaceutical formulations in overseas and domestic markets.

Peers
Company Name CMP
Sun Pharma. Inds. 1760.60
Dr. Reddys Labs. 1220.75
Cipla 1333.70
Lupin 1959.20
Zydus Lifesciences 1140.75
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