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Medicamen Organics and Medi Hub Organic Announce Strategic Investment and Manufacturing Collaboration
Contract Type
partnership
Description
Medicamen Organics Limited (MOL) has announced a strategic partnership with Medi Hub Organic Ltd. (MHOL) to establish a state-of-the-art pharmaceutical manufacturing facility in Nepal. Under the terms of the Memorandum of Understanding (MOU), MOL will invest Rs 9 Cr (NPR 14.4 Cr) in MHOL to support the construction of the manufacturing facility and meet working capital requirements. This partnership aims to meet CGMP norms and achieve European quality standards, fostering greater self-sufficiency in Nepal's pharmaceutical market.