Biocon has received an approval for transfer of Biosimilars business of the company by way of a slump sale as going concern to Biocon Biologics India, a step down subsidiary of the company, subject to consent of the shareholders of the company and obtaining all requisite regulatory / statutory approvals. The board of directors of the company at its meeting held on August 21, 2017 has approved for the same.
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.