Biocon surges on making clinical progress in its partnered programs with Mylan

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

07 May 2015 Evaluate

Biocon is currently trading at Rs. 428.70, up by 3.50 points or 0.82% from its previous closing of Rs. 425.20 on the BSE.

The scrip opened at Rs. 425.20 and has touched a high and low of Rs. 430.50 and Rs. 420.30 respectively. So far 59073 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. 460.15 and Rs. 421.65 respectively. The current market cap of the company is Rs. 8484.00 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 biotechnology company, has made clinical progress in its partnered programs with Mylan. The partnership has a strong portfolio of generic insulin analogs and biosimilars including Monoclonal Antibodies (MAbs) and recombinant proteins at various stages of development.

Two molecules Pegfilgrastim (PEG-G-CSF) and Adalimumab have entered global Phase 3 clinical trials. While the PEG-G-CSF trial is well underway the Adalimumab trial has been recently initiated. In addition, the Phase 3 global clinical trial for Trastuzumab is progressing in more than 100 sites around the world. An initial ROW focused Phase 3 trial for Bevacizumab is also underway.

Further, two global clinical trials for generic Insulin Glargine initiated in 2014, have also made significant progress. The patient recruitment for Type-1 diabetes study has been completed ahead of schedule, while the recruitment for Type-2 diabetes study is expected to be completed by July 2015.

Biocon is India’s largest and Asia’s leading biotechnology company with a strategic focus on biopharmaceuticals and research services. It is a fully integrated, innovation-driven biopharma enterprise offering affordable solutions for chronic diseases to patient's worldwide.

Biocon Share Price

380.55 -2.05 (-0.54%)

08-May-2026 16:59 View Price Chart

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