- Business
- Medico Remedies Limited (MEDICO.BO), a pharmaceutical formulation manufacturing and marketing company, develops, manufactures and sells a broad range of generic pharmaceutical and nutraceutical products including antibiotics and anti-infectives; beta-lactams such as penicillins and cephalosporins; antifungals; vitamins, haematinics and nutritional supplements; cardiovascular drugs; antipyretic, analgesic and NSAID medicines; antacids and anti-ulcer drugs; antidepressants, antipsychotics and anti-epileptics; antimalarials and antiretrovirals; dry syrups; ointments and creams; anti-diabetics; liquid syrups; diuretics; steroidal preparations; and miscellaneous combination drug kits for various therapeutic segments. The company, founded in 1994 and headquartered in Mumbai, India, with manufacturing facilities in Palghar, Maharashtra, operates seven WHO-GMP-certified production units and serves domestic markets alongside exports to countries including Bangladesh, Nepal, Yemen, Saudi Arabia and Mozambique. In March 2025, Medico Remedies expanded into ointment production with new state-of-the-art facilities approved under international standards such as WHO GMP, ISO 9001:2015 and approvals from US FDA and European regulators, diversifying its topical offerings to bolster global presence and growth; in April 2025, it secured a government supply order worth approximately Rs 16 crore (USD 1.9 million) from the Dominican Republic's PROMESE/CAL program for tablets, capsules and dry syrups, underscoring its strengthening international footprint in regulated markets.