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.
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...
Second quarter revenue and EPS beat consensus and BMS raised its 2025 revenue guidance, but after multiple recent Phase III failures, executives said the company is reviewing studies with near-term readouts.
AbbVie now expects the two Humira successors to bring in $25bn this year. On its Q2 earnings call, the firm also pointed to strength in neuroscience, with 24% growth.
Sales of Leqembi, Zurzuvae and Skyclarys contributed to Biogen’s sales and earnings guidance raise, positioning the company closer to potential growth.
