Biocon Biologics Reaches Landmark Sales Figure; IPO Beckons

 
• By Anju Ghangurde
  
Generate a summary of this article
Listen to this article
Beta

Biocon rang in a strong fourth quarter amid signs of a build-up in efforts towards supporting the “independent functioning” of its biosimilars business under subsidiary Biocon Biologics.  

Key
BIOCON CONTINUES TO INCH TOWARDS PLANS TO UNLOCK VALUE OF ITS BIOLOGICS BUSINESS

Biocon Ltd. continued its strong showing in the fourth quarter, buoyed by momentum in its biologics business and robust growth in its research services segment. The Indian firm also appears to have taken more definitive steps towards eventually unlocking value from the biologics business via a potential initial public offer (IPO), though it did not share specifics or timelines on such plans.

Biocon’s biologics business grew 87% to INR4.51bn ($64.6m) in the fourth quarter, closing what chairperson and managing director Kiran Mazumdar-Shaw...

Scrip Podcast

Keep up with the top pharma business news of the week. On the go.

Scrip brings you a weekly bulletin of top picks.

SpotifyApple PodcastsWebsite

More from India

How Novartis Is Elevating CVD Outcomes, Driving ‘Personalized Access’ In APMA

Novartis’s APMA chief outlines the company’s tailored approach to deliver long-term outcomes, novel access solutions via innovative financing options and shape the CVD disease ecosystem in the extraordinarily diverse region. Partnering to build AI infrastructure is another key prong.

GenAI Reality In Pharma Amid Hype, Advances In LLMs For Therapeutics

 
• By Anju Ghangurde

Indegene’s CTO talks to Scrip about the state of GenAI implementations in pharma amid hype and limited clarity on ROI, the need to address foundational issues early on, promising pilots, the firm’s alliance with Microsoft and Google’s generalist LLM for therapeutics.

With Mpox Vaccine In Serum Institute Pipeline, What Could Favor India Vaccine Makers?

 
• By Vibha Ravi

Serum Institute is working on an mpox vaccine while other Indian firms are weighing options after the WHO sounded an alert and a new case was reported in neighboring Pakistan. Scrip looks at factors that could favor development and/or manufacture of an mpox vaccine at Indian majors.

Glenmark Chief On ‘Big Shift’ In Revenue By Region, Liraglutide India Outlook

 
• By Anju Ghangurde

Momentum in Europe may see the region’s contribution to Glenmark’s revenues become almost as big as the US business, currently dented by multiple challenges. The firm also outlines how things are poised in India for its biosimilar to Novo Nordisk’s Victoza.

More from Focus On Asia

India Rare Diseases: Court Shows Path For Policy Action, Funding, Price Issues-- Test-2

A court order encompassing funding, drug pricing, clinical trials and overall policy implementation aspects is expected to bring about a paradigm shift in the treatment of rare diseases in India. Sarepta, Roche and Sanofi are among the key players that have been part of pricing discussions.

Innovent/GenFleet Score China’s First KRAS G12C Inhibitor Approval

 
• By Dexter Jie Yan

The nod will help unlock a national market for the partners’ Dupert (fulzerasib) in which roughly 50,000 people are expected to be newly diagnosed with lung cancer harboring the KRAS G12C mutation in 2025. Meanwhile, two other homegrown rivals are also closing in on marketing clearances in China.

As More DLL3 Bispecifics Advance, Doctors Are Adjusting To CRS, ICANS

 
• By Mandy Jackson

Amgen’s Imdelltra for small-cell lung cancer is one of two bispecific T-cell engagers approved for solid tumors, but data at the WCLC meeting show other DLL3-targeting BiTEs may be on the way.