The approval comes as the drugmaker seeks to expand its biosimilars portfolio, particularly in Europe. “Dazublys, Zeflyti, and Dyrupeg have already achieved approval in the broad EU market,” the company added. According to its FY24 annual report, the drugmaker already covers around 75 per cent of the European generic market with an extensive portfolio of marketed products.
The European market helped the company record a 4 per cent year-on-year rise in overall revenue from operations, reaching Rs 7,868 crore in the June quarter, despite a 10.2 per cent on-year decline in consolidated profit after tax (PAT) for the same period.