Eiko Lifesciences enters into MOU with Delicare Lifesciences

The MOU provides for assistance in the form of efficient working Capital Management, development and commercialisation of new products, logistic supply chain management support etc.

Eiko Lifesciences Limited has entered into a Memorandum of Understanding (MOU) with Delicare Lifesciences Private Limited. This MOU provides for use of existing and future manufacturing facilities of Delicare Lifesciences Private Limited and Eiko Lifesciences Limited in mutual interest of both the companies.

Further this MOU provides for assistance in the form of efficient working capital management, development and commercialisation of new products, logistic supply chain management support etc. This will also benefit your Company in the smooth management of its day-to-day operation including manufacturing facilities at Badlupur, DistThane, Maharashtra and operational cost reduction of the company.

The company expects to be benefitted from this arrangement from the third quarter of this financial year onwards.