A Form 483, is issued by the USFDA to notify a company's management of any objectionable condition at its manufacturing facility
' While the company's insulin business recorded a strong growth in several emerging markets, its cancer biosimilar Fulphila became the first pegfilgrastim biosimilar to be available to patients in US
Insulin Glargine is the first biosimilar from India to be approved and launched in Japan
The strong momentum is likely to continue, led by biosimilars and steady show of other segments
Firm obtains positive opinion on approval of Ogivri, a biosimilar to Roche's Herceptin (trastuzumab); final decision by year-end
The stock hit a new high of Rs 718, rallying 8% in two days after the company's drug substance manufacturing site at Bengaluru campus by the US health regulator has concluded without any observations.
The CHMP opinion for the drug to be sold under the named Fulphila will now be considered by the European Commission and the decision on approval is expected by November
The approval of Biocon's biosimilar insulin Glargin in about 25 countries will be a revenue driving force
The company gained market share in several emerging markets such as Malaysia, Algeria and UAE
EU's clearance to firm's Bengaluru plant increases chances of its drug approval, launches
Biocon said that it is committed to global standards of quality and compliance in a BSE filing after receiving the Establishment Inspection Report
The stock hit a record high of Rs 695, up 6% on the BSE in opening deal in otherwise weak market.
In a separate filing, Syngene said Biocon has sold the shares for achieving minimum public shareholding requirement
The stock dipped 4% to Rs 634 on the BSE in early morning trade.
A month ago, Biocon announced that its biosimilar insulin glargine trademarked as Semglee received marketing approval from the European Commission
While Biocon's Mylan partnership is accruing benefits, its Sandoz pact will be a long-term strategic move to strengthen its biosimilar pipeline
Shares of Biocon were trading at Rs 561.30 apiece in the morning trade, down 1.93 per cent, from the previous close on BSE
The stock hit a record high of Rs 564, up 4% on NSE after the company entered into a global partnership with Sandoz to develop, manufacture and commercialise multiple biosimilars.
Second large global tie-up for an Indian company after Mylan
The regulatory filing to the BSE added that Biocon Biologics India is a step down wholly owned subsidiary of the company