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Strategic Investment and Manufacturing Collaboration Announced Between Medicamen Organics and Medi Hub Organic in Nepal
Contract Type
partnership
NepalManufacturingBiotechnologyDescription
Medicamen Organics Limited has announced a strategic partnership with Medi Hub Organic Ltd. to establish a state-of-the-art pharmaceutical manufacturing facility in Nepal. Under the terms of the collaboration, MOL will invest Rs 9 Cr (NPR 14.4 Cr) in MHOL to support the construction of the manufacturing facility and hold a 30% stake in MHOL to reinforce its commitment to expanding its presence and operations in the region. The partnership aims to achieve European quality standards, foster greater self-sufficiency in Nepal's pharmaceutical market, and contribute to the growth of the pharmaceutical sector across Nepal, South Asian region, and EU.