Immense long-term potential; but caution sets in as potential regulatory hurdles loom
Expansion of our biologics footprint in emerging markets and licensing agreements boosted the revenue further, says Kiran Mazumdar-Shaw
The stock up 4% to Rs 1,020 after the company posted 52% YoY jump in consolidated net profit at Rs 147 crore in Q2FY17.
There is little doubt about the strength of the company's biosimilar portfolio but upsides are a couple of years away
The division is focused on the chronic therapy areas such as diabetes, cancer and autoimmune conditions
Biocon's Branded Formulations (India) business is a biologics-led, speciality pharma business
The stock hit a fresh record high of Rs 910, up 5% on the BSE in early morning trade.
This is the partnership's second biosimilar submission that is accepted for review in Europe
As per WHO data, 130-150 mn people globally have chronic Hepatitis C infection, of which 15 mn are in India
The stock hit an all-time high and ended 15 per cent higher at Rs 808.70 on Friday
Biocon has posted 17% rise in net profit at Rs 147 crore for the first quarter ended June 30
The stock soared 9.9 per cent to touch its one-year high level of Rs 771 at BSE
The stock surged 7% to Rs 749 after the company reported 35% YoY jump in its consolidated net profit of Rs 167 crore in Q1.
Biocon and Mylan apply for regulatory approval at EU for biosimilar of anti-cancer drug Pegfilgrastim
The company's shares ended at Rs 701.50 apiece on the BSE
The Japanese Glargine market is estimated to be around $144 million, Biocon said in a statement
The stock was trading higher by 3% at Rs 732 on the National Stock Exchange at 09:27 AM.
Its huge R&D spending on biosimilars, despite investor apathy, has started to show results
The drug has been jointly developed with US-based QuarK Pharmaceuticals
The companies also announced the randomisation of the first patient in India in the global Phase II/III study of the new drug candidate