Morepen shares up over 2% after certification for its Baddi plant

Morepen Laboratories Ltd. has received the ISO-13485 certification from BSI (British Standards Institution, U.K.) for its manufacturing facility at Baddi.

Apr 30, 2020 01:04 IST India Infoline News Service

Morepen Laboratories Ltd. has received the ISO-13485 certification from BSI (British Standards Institution, U.K.) for its manufacturing facility at Baddi (Himachal Pradesh). The certification has been awarded for the manufacturing, distribution and after sales service of all point-of-care diagnostic medical devices and their accessories manufactured at the company’s facility in Baddi.

Morepen shares went up after the announcement during exchange filing on Thursday. Its shares are trading at Rs18.15 up 2.14% than previous close of Rs17.77 at the BSE and at the NSE the stock was 2.54% high at Rs18.20 as against previous close of Rs 17.75.

The ISO-13485 standard is an international standard which specifies requirements for Quality Management Systems (QMS) that are to be used by an organization involved in one or more stages of the life-cycle of a medical device. This certification is recognized by most regulators across the globe including those in the United Kingdom and the European Union. Compliance with this standard ensures the consistent production, delivery and after sales service of medical devices that are safe for their intended purpose.

“This ISO-13485 certification opens new vistas for Morepen to export its diagnostic devices to various countries across the globe and also to seek CE (Conformité Européene) Certification for the European Union,” said, Sushil Suri, Chairman and Managing Director, Morepen Laboratories Ltd.

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