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Weak Q3 For Biocon, All Eyes On Biosimilars Approval Flow

 
• By Anju Ghangurde

Biocon reported a decline in profits for the third quarter but recent regulatory wins and advancements for its biosimilars portfolio could potentially bring an uptick in growth going forward.

Jigsaw
APPROVALS FOR BIOCON'S BIOSIMILARS COULD LIFT GROWTH

India's largest biopharmaceutical firm, Biocon Ltd., reported subdued third quarter earnings but management commentary around regulatory progress in the biosimilars business was upbeat, promising a pick-up in growth in the following quarters.

In addition to the recent regulatory wins, all eyes are on Biocon and partner Mylan NV’s insulin glargine. Biocon...

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