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Bad Miss For Biocon’s Bevacizumab In US But Firm In 'Good Place'

Indian Company Remains Upbeat As It Reports Full-Year Results

 
• By Anju Ghangurde

Biocon is still awaiting a site inspection as pandemic-related delays keep its Viatris-partnered bevacizumab out of the US market, though the Indian company believes it can still make good and garner market share. All eyes are also on traction for its insulin glargine via increased share of formulary contracts.

Pandemic induced misses dull momentum for Biocon • Source: Alamy

COVID-19 induced delays in regulatory inspections have set back Biocon’s plans for biosimilar bevacizumab in the US, but the Indian firm underscored its belief that the product, partnered with Viatris, can still quickly garner “good market share” in view of their “extremely competitive” position.

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