Outstanding Export Performance Award for the year 2008-2009
We are happy to inform you that we were awarded the 'Outstanding Export Performance Award' (from Pharmexcil) by the Honorable Minister of Commerce Mr Anand Sharma in the presence of Chief Minister of A.P and Dr Surinder Singh, DCGI on 25.Sep.2009 at Hyderabad
MSN Successfully completes USFDA, EUGMP Audits
The Hyderabad-based MSN Laboratories Limited, the flagship company of the Rs 150 crore MSN Group of Companies, has successfully completed US FDA and EU GMP audits.
Commenting on the development, Dr M S N Reddy, chairman and managing director, MSN Laboratories, said, "It is a major achievement for us. We have achieved successful recognitions and approvals within a short span of four years of operations. Crossing this audit process has reiterated our belief in quality management and continuous process of innovation. It would help us in making a foray into the US and other regulated markets in the coming years."
MSN group to setup R&D center, plans to raise $10m
Bullish over its proposed foray into the regulated markets, the Rs 130-crore MSN group of companies, engaged in bulk actives and formulations, has decided to set up an R&D centre for generic products development with an investment of Rs 30 crore at Pashamylaram, near Hyderabad.
Brickwork Ratings has assigned ‘BWR A’ to MSN Laboratories
Bangalore: 61% increase in FY-2007. As of 31st January 2009, MSN Labs has achieved 49% increase in PAT.
MSNL’s key financial ratios are favorable and improving. In FY 2008, MSNL’s debt equity ratio was just 0.71 and even as of 31st Jan 2009 it is about 0.40. Company’s debt service coverage ratio improved from 0.25 in FY 2007 to 1.42 in FY2008, to 1.71 as of 31st Jan 2009. Interest coverage ratio improved to 5.64 as of 31st Jan 2009 from 3.86 in FY 2008. Net worth improved to INR 167.69 Million in FY 2008 from INR 102.89 Million in FY 2007, and further improved to INR 256.55 Million as of 31st Jan 2009.
MSN Laboratories Pvt Ltd has received food manufacturing practice (GMP) certification from the European Union for its active pharmaceutical ingredient manufacturing facility at Pashmylaram near here. The Hyderabad-based company had its first inspection of GMP certification by the EU regulatory body in April, according to a release.
MSN Labs opens Bollarum formulations facility
MSN Laboratories Limited, part of the Hyderabad-based MSN Group, has inaugurated its formulation facility at Bollarum near Hyderabad.
MSN group acquires Armour Pharmaceuticals
Hyderabad based pharmaceutical ingredients manufacturer, MSN group, has acquired Armour Pharmaceuticals Ltd, a city based pharmaceutical formulations unit. The total project cost is Rs 11 crore, according to sources with the MSN group. This includes Rs 4.5 crore for the acquisition. An amount of Rs six core will be spent to revamp Armour. "We are currently active in API segment. This acquisition would scale up our business models and help us to move up our bottom line growth," sources said.
