Morepen expects sales to rise by Rs 100 cr

Morepen Laboratories expects revenues and net to rise by $20 million (Rs 1000 million) and $10-12 million (Rs 500-600 million) respectively, enhanced by a 180-day marketing exclusivity granted to Geneva Pharmaceuticals Inc for Loratadine in the U S.

Morepen is the sole supplier for bulk Loratadine to Geneva Pharma, an arm of Novartis AG. Geneva Pharma already launched its generic version of Claritin in the US market.

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