Biocon gains on receiving approval for insulin Glargine in Mexico

Biocon Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 532523 | NSE: BIOCON

10 Apr 2015 Evaluate

Biocon is currently trading at Rs. 478.00, up by 9.10 points or 1.94% from its previous closing of Rs. 468.90 on the BSE.

The scrip opened at Rs. 480.00 and has touched a high and low of Rs. 483.00 and Rs. 477.00 respectively. So far 31,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 553.70 on 04-Jul-2014 and a 52 week low of Rs. 402.45 on 07-Jan-2015.

Last one week high and low of the scrip stood at Rs. 489.90 and Rs. 465.00 respectively. The current market cap of the company is Rs. 9,578.00 crore.

The promoters holding in the company stood at 61.02% while Institutions and Non-Institutions held 19.10% and 19.87% respectively.

Biocon, Asia’s premier biopharmaceuticals company, has received an approval for its Insulin Glargine by COFEPRIS, the Mexican health authority, through its partner PiSA Farmaceutica (PiSA). Mexico has been a very important market for Biocon since 2006, where it has been playing a significant role in enabling access to affordable rh-Insulin. Insulin Glargine will augment the affordable insulins therapy for diabetes management.

‘GALACTUS’ by PiSA is the first Insulin Glargine to be approved in Mexico as per the biocomparable approvals pathway defined in 2012.

Biocon is recognized as Asia’s largest insulins producer and has been committed to affordable diabetes management through rh-Insulin (Insugen) and Insulin Glargine (Basalog) in India and several emerging markets. The company currently has marketing approvals in over 60 countries for rh-Insulin and in over 20 countries for Insulin Glargine.

Biocon Share Price

380.55 -2.05 (-0.54%)

08-May-2026 16:59 View Price Chart

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