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COVID-19 Turmoil Dents Biocon In Q4 But Opportunities Including Glargine In Store

Pandemic-Related R&D Underway, UAE JV Wound Up

 
• By Anju Ghangurde

Biocon’s fourth quarter earnings were impacted by pandemic-related disruptions, especially its biologics arm, but the Indian firm anticipates a “good recovery”. All eyes will be on the anticipated US launch of biosimilar insulin glargine and its interchangeability status, while the company remains confident of delivering a $1bn FY2022 revenue target for biologics.

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Biocon Confident Of Recovery Soon Amid Pandemic Challenges • Source: Shutterstock

COVID-19-related challenges dented the growth trajectory of Biocon Ltd.’s biologics business in the fourth quarter of fiscal year 2020, weighing down the Indian firm’s overall earnings during the period, though it anticipates a recovery soon.

A string of key anticipated launches, including its biosimilar follow-on to Sanofi's Lantus (insulin glargine) in

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