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Pharmaceuticals Business one of the fastest growing in region

Morningside Pharmaceuticals Ltd has once again been named as one of the 200 fastest growing companies in the East Midlands.

Professional services network Grant Thornton provides the annual report, which highlights the top performing businesses in Leicestershire, Derbyshire, Nottinghamshire and Lincolnshire.

Dr Nik Kotecha OBE, Chief Executive Officer of Morningside Pharmaceuticals said: “We are immensely proud to be recognised as one of the fastest growing companies in the East Midlands.

“We would not have achieved this without a dedicated team of professions who place great emphasis on making quality healthcare an affordable and accessible reality throughout the world.

“We are constantly investing in research & development and have created a well-established branded and generic medicines portfolio for NHS and international supply. We pride ourselves on the ability to change rapidly and respond to the market and our customers.

“Another key factor that has helped drive growth is our focus on improving our logistics and distribution network. We work closely with our customers to ensure accurate and on-time delivery in the UK and international markets.”

The East Midlands Top 200 have grown their profits by an average of 35% this year, together providing 48,000 jobs, which is an 8% increase in 3 years.

Mark Pashley, from Grant Thornton, said: “We are delighted to report that this year there are over a third of the Top 200 who appeared in last year’s list. This is not an easy achievement and shows that the attitude to sustainable growth is important to bring through financial rewards.

“The greatest opportunity for the East Midlands is in relation to its economic performance, both in terms of creating wealth and jobs, as well as having an entrepreneurial skills set to drive future growth.

“Overall the East Midlands continues to perform strongly in terms of business growth compared to the rest of the UK.”

To find out more about Morningside Pharmaceuticals, please click here.

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