Biosimilars Begin To 'Pay Off' For Biocon

Biocon rang in a strong Q3, buoyed by the momentum in its biologics business. The firm appears undeterred by suggestions that the US biosimilars market may be less attractive than initially anticipated.

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Biosimilar launches have helped propel Biocon to record sales and profits growth • Source: Shutterstock

Biocon reaped strong gains in its financial third quarter as its biosimilars portfolio gained traction in several markets and the Indian firm underscored that it isn’t perturbed by ongoing commentary around the commercial viability for biosimilars in the US.

Biocon and partner Mylan’s Fulphila (pegfilgrastim-jmdb), a biosimilar to Amgen’s Neulasta that Mylan launched in the US last July, continued...

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