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Morepen shares surge 15% on ₹825 crore multi-year global CDMO dealMorepen Laboratories secures a ₹825 crore CDMO mandate from a global pharmaceutical company, boosting shares by 14.58 percent. Supplies start in four to five months, marking a major milestone.By Gareema Bangad  February 23, 2026, 10:16:30 AM IST (Published)2 Min ReadShares of Morepen Laboratories Limited gained over 14.5% on Monday, February 23, after it announced that it has secured a multi-year Contract Development and Manufacturing Organisation (CDMO) mandate worth approximately ₹825 crore from a leading global pharmaceutical company.

In a press release filed with the exchanges, Morepen said supplies under the agreement are expected to commence within the next four to five months, with execution scheduled through the first quarter of the following financial year, subject to customary operational and regulatory processes.

The CDMO platform is designed to support structured, multi-year supply programmes, offering integrated development-to-commercial manufacturing capabilities. The company is also evaluating capacity enhancement and technology investments aligned with its expanding CDMO opportunity pipeline.

Chairman and Managing Director Sushil Suri said, “This mandate represents an important milestone in the evolution of Morepen’s manufacturing platform. It reflects the confidence global customers place in our quality systems, regulatory track record, and execution capabilities.”

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The company described the mandate as one of the largest single CDMO contracts in its history, marking a step-up in its global manufacturing scale.

Suri added, “We view CDMO as a natural extension of our established API strengths, creating additional avenues of scale, stability, and long-term value creation while continuing to reinforce our core businesses.”

The engagement builds on Morepen’s existing active pharmaceutical ingredient (API) manufacturing platform and its regulatory accreditations, including approvals from the US Food and Drug Administration (USFDA), WHO-GMP and European authorities.

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Morepen operates as a vertically integrated pharmaceutical and healthcare company, supplying APIs, branded generics, medical devices and consumer wellness products across more than 90 countries.

Following the announcement, shares of the company were trading 14.58% up at ₹44.95 as of 9.36 am. The stock has surged 31.55% in the past month.Continue ReadingTagshealthcare businessMorepen Laboratoriespharmaceutical sectorshare market today