Introduction
Leading pharmaceutical company’s subsidiary has entered a joint venture with UAE-based Bimedical FZE to manufacture, trade, and sell medical device products in India, with equal shareholding and indirect 30% ownership by the parent.
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Share price movement of Morepen Labs
On September 9, 2025, Morepen Laboratories Ltd opened at ₹49.62, up 1.02% from its previous close of ₹49.10. The stock reached a high of ₹51.93 (5.70%) and a low of ₹49.62. By 12:20 PM, it traded at ₹50.69, a 3.24% increase, with a market cap of ₹2,777.58 crore.
Morepen Labs Forms Joint Venture in Medical Devices
Morepen Medipath Limited, a subsidiary of Morepen Laboratories Limited, has executed a joint venture agreement with Bimedical FZE, UAE, to form a new joint venture company in India focused on medical devices.
The joint venture will be equally owned, with MML and Bimedical FZE contributing 50% each to the share capital. Morepen Laboratories will indirectly hold 30% through its subsidiary, MML.
The proposed JVC will manufacture, trade, and sell medical device products. The incorporation date, name, and paid-up capital are yet to be finalized.
Recent news on Morepen Labs
As of July 23, 2025, Morepen Laboratories Ltd announced the incorporation of a new subsidiary, Morepen Medical Equipment Trading L.L.C in Dubai, focusing on international sales and marketing of medical devices. Morepen holds 60% shares.
Stock performance of Morepen Labs for Period of 1 week, 6 months, and 1 year
Morepen Laboratories Ltd delivered a 1.20% return over the past week, gained 10.0% over the past six months, and declined 47.8% over the past year.
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Shareholding pattern of Morepen Labs
| Particulars | Jun 2025 | Mar 2025 | Dec 2024 |
| Promoter | 35.70% | 35.70% | 35.70% |
| FII | 1.70% | 1.90% | 2.20% |
| DII | 1.50% | 1.70% | 2% |
| Public | 61.10% | 60.70% | 60.50% |
About Morepen Labs
Morepen Laboratories Ltd (NSE: MOREPENLAB) manufactures and markets Active Pharmaceutical Ingredients (APIs), branded and generic formulations, and home health products. The company focuses on production, development, and distribution across domestic and international markets.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is Morepen Laboratories Ltd share price going up today?
A: Morepen Laboratories Ltd share price rose after its subsidiary, Morepen Medipath Limited, signed a joint venture agreement with Bimedical FZE for medical devices.
Q: What does Morepen Laboratories Ltd specialize in?
A: Morepen Laboratories Ltd specializes in manufacturing APIs, branded and generic formulations, and home health products for domestic and international markets.
Q: What is the 52-week high and low of Morepen Laboratories Ltd stock?
A: The 52-week high of Morepen Laboratories Ltd stock is ₹100.80, and the 52-week low is ₹41.66.
