India's Morepen Laboratories rises after unit to form joint venture

Morepen Laboratories

09/09/2025 05:54

** Shares of Morepen Laboratories MORL.NS rise nearly 4% to 50.96 rupees

** Pharma co's subsidiary, Morepen Medipath, to hold 50% stake in JV with Bimedical FZE

** JV will manufacture, trade medical devices-related products

** Trading volume at 4.4 mln shares so far, 1.3x 30-day average

** MORL down ~35% YTD

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))