Morepen Labs share price jumps 5% after UK standards body certifies company's Himachal unit

The share price of Morepen Laboratories jumped 5 percent in morning trade on April 30 after the company received certification from BSI (British Standards Institution, UK) for its medical devices manufacturing facility at Baddi (Himachal Pradesh).

The stock has almost doubled over the last month and was quoting at Rs 18.65, up Rs 0.88, or 4.95 percent at 09:45 hours. There were pending buy orders of 299 shares, with no sellers.

Morepen Laboratories has received the prestigious ISO-13485 certification from BSI (British Standards Institution, UK) for its state-of-the-art medical devices manufacturing facility at Baddi (Himachal Pradesh). The certification has been awarded for the manufacturing, distribution and aftersales service of all point-of-care diagnostic medical devices and their accessories manufactured at the company’s facility in Baddi, the company said in a filing to the exchanges.