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Monacolin J is a key precursor for the synthesis of simvastatin(Zocor),an important drug for treating hypercholesterolemia.Industrially,monacolin J is manufactured through alkaline hydrolysis of lovastatin,a fungal polyketide produced by Aspergillus terreus.Multistep chemical processes for the conversion of lovastatin to simvastatin are laborious,cost expensive and environmentally unfriendly.