Biocon tumbles on the buzz of receiving 10 observations from USFDA for Benguluru plant

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

04 Aug 2017 Evaluate

Biocon is currently trading at Rs. 354.00, down by 21.30 points or 5.68% from its previous closing of Rs. 375.30 on the BSE.

The scrip opened at Rs. 341.00 and has touched a high and low of Rs. 359.05 and Rs. 341.00 respectively. So far 7,46,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 424.15 on 19-Jul-2017 and a 52 week low of Rs. 255.41 on 12-Aug-2016.

Last one week high and low of the scrip stood at Rs. 395.05 and Rs. 341.00 respectively. The current market cap of the company is Rs. 21,222.00 crore.

The promoters holding in the company stood at 60.67%, while Institutions and Non-Institutions held 18.80% and 20.53% respectively.

Regulatory woes continue for Biocon, as United States Foods and Drug Administration (USFDA) has reportedly issued a form 483 with 10 observations to its Bangalore plant. The US drug regulator found lapses of current good manufacturing practices (cGMP) at the company’s small molecule injectable plant in Bengaluru.

The USFDA issued a Form 483 - a form listing violations - after an inspection between May 25 and June 3. The FDA issues a Form 483 if its investigators spot any conditions that in their judgement may constitute violations of the US Food Drug and Cosmetic (FD&C) Act and related laws.

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

368.90 8.50 (2.36%)

05-May-2026 16:59 View Price Chart

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