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Biocon Denies API Selloff Rumors As It Completes Biologics Integration

Indian Giant Dismisses Media Reports Of $1.5bn Divestment As ‘Baseless And Speculative’

 
• By Dave Wallace

Biocon has rejected as “baseless and speculative” Indian media reports that it is considering divestment options for its API business. Meanwhile, the firm has celebrated completion of the integration of Viatris’s biosimilars business into its Biocon Biologics subsidiary.

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Biocon has denied reports that it is evaluating options for its API business • Source: Shutterstock

Biocon has dismissed as “baseless and speculative” Indian media reports that the firm was considering options for its active pharmaceutical ingredients business.

A report in India’s Economic Times had suggested that Biocon was evaluating a plan to sell its generic API business to reduce its overall debt, with the API business supposedly...

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