Biocon Biologics CEO Makes Surprise Exit

Retired Company Veteran Chandavarkar Back At Helm

The CEO of Biocon’s biosimilars subsidiary has unexpectedly departed the role. Management stresses there is no disruption to its "strategic intent", but COVID-19 has "dampened" the arm’s push to reach its aspirational $1bn revenue target by 2022.

Cubes with CEO — Biocon Biologics CEO Departs Over Professional Differences WIth Chair • Source: Shutterstock

The abrupt exit of the CEO of Biocon, Ltd.’s biosimilars arm, Christiane Hamacher, was a major talking point at the company’s third quarter earnings call though the firm's management stressed that a “seamless” transition was underway with retired executive and company old-timer Arun Chandavarkar back at the helm.

Ex-Roche executive Hamacher who took over as CEO of the biosimilars subsidiary, Biocon Biologics, in 2019 stepped down following...

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