"We are tying up in European and North American markets for supplies to ANDA (Abbreviated New Drug Application) holders for the sale of Montelukast Sodium.
"The bulk drug has contributed Rs 48 crore to the company's total income in the nine-month period and is likely to end fiscal 2015-16 with a total contribution of around Rs 70 crore to the top line," Morepen Laboratories Chairman and Managing Director Sushil Suri said in a statement here.
The company expects to notch a global turnover of Rs 100 crore from this bulk drug alone in 2016-17. Subsequently, with increased capacities, the global sales from Montelukast are likely to touch Rs 250-300 crore in the coming few years.
"As of today, Montelukast is manufactured at its facility in Parwanoo in Himachal Pradesh and commercially sold to customers in about 32 countries.
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"The company aims at joining the ranks of world-class pharmaceutical companies by expanding the product's presence in untouched international markets, resulting in substantial increase in its exports turnover in the years to come," Suri said.
Morepen is engaged in the manufacturing and sale of APIs/ bulk drugs, home diagnostics, formulations and OTC products.
For the third quarter ended December 31, 2015, the company's net profit stood at Rs 7.28 crore on a total income of Rs 112 crore, registering a growth of 146 per cent and 10 per cent respectively.
"We are working in a highly competitive global scenario, where our focus is to position Morepen as the most cost-effective bulk drug producer and supplier," he added.