Euro Pharma to produce medicines for Square

Square Pharmaceuticals PLC has struck a contract manufacturing agreement with Euro Pharma Ltd.

In a filing on the Dhaka Stock Exchange, the country's largest drug-maker said its board approved an agreement with Euro Pharma on Monday for the contract manufacturing of some products with a view to meeting increased demand for existing products and introducing new products.

Earlier, Aristopharma inked a contract manufacturing deal with Square Pharmaceuticals to produce injectable items, tablets and dry syrups for the listed pharmaceuticals company.

Shares of Square Pharmaceuticals rose 0.48 percent to Tk 211 on the DSE yesterday.

The company clocked a Tk 1,491.01 crore profit in the July-March period of the last financial year, up 4.9 percent from a year earlier.