The insulin patent win, clearance of Malaysian unit and oncology biosimilar filing are triggers
Biocon Sdn Bhd, a subsidiary of Biocon, received the EIR from the USFDA for the pre-approval inspection of its insulin manufacturing facility in Malaysia, for insulin glargine
In the second part of a series, the author notes down some lessons for start-ups
The insulin patent win and filing of another oncology biosimilar in the US to drive earnings
"We remain committed to global standards of quality and compliance," company spokesperson said
Development takes Biocon a step closer to commercialise its glargine biosimilar Semglee in America
The application sought approval of Mylan's drug for treatment of patients with metastatic colorectal cancer with fluorouracil-based chemotherapy
The application seeks approval of biosimilar bevacizumab for treatment of patients with metastatic colorectal cancer in addition to other ailments
The application seeks approval of Bevacizumab for the first-line and second-line treatment of patients with metastatic colorectal cancer in combination with fluorouracil-based chemotherapy
Biocon shares on Thurday ended 0.17 per cent up at Rs 299.20 apiece on the BSE.
The stock of India's biggest biotechnology company was trading higher for the third straight day, and has surpassed it's previous high of Rs 321 touched on February 15, 2019 in the intra-day trade.
The FDA has set a target action date for its Insulin Glargine application in June 2020
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Biocon Ltd on Monday said the US health regulator conducted a pre-approval inspection and good manufacturing practice (GMP) examination of the API manufacturing facility and has issued a Form 483, with five observations. As per the USFDA, a Form 483 is issued to a firm's management at the conclusion of an inspection when investigator has observed any conditions that in its judgement may constitute violations of the Food Drug and Cosmetic (FD&C) Act and related Acts. "The US Food and Drug Administration (FDA) conducted a Pre-Approval Inspection (PAI) and GMP inspection of the Active Pharmaceutical Ingredients (API) manufacturing facility of Biocon Ltd," Biotechnology major said in a filing to BSE. At the conclusion of the inspection of the Bengaluru facility, which took place between January 20-24, 2020, the agency issued a Form 483, with five observations, the filing said. "We will respond to the FDA with a Corrective and Preventive Action Plan (CAPA) and are confident of ...
The company is uniquely positioned in the US as it is the only Indian pharmaceutical firm with two commercialised biosimilars in the market
The consolidated Ebitda margin stood at 27% in Q3FY20.
Biocon has maintained a strong base near 280 levels which is a good support level and currently has indicated a positive bullish candle pattern to imply strength
This values Biocon Biologics at Rs 21,450 crore or around $3 billion, on a pre-money equity basis
Sebi, in its October 2017 report on corporate governance, said listed firms should have a different person heading the management and another in place as chairman of the board