MoneyWorks4Me

Biocon gets nod to transfer Biosimilars business to Biocon Biologics

27 Oct 2017 Evaluate

Biocon has received its board’s approval to transfer its Biosimilars business by way of a slump sale as ‘going concern’ to Biocon Biologics India, a step down wholly owned subsidiary of the Company, subject to consent of the shareholders of the Company and obtaining all requisite regulatory / statutory approvals.

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.

Peers
Company Name CMP
Sun Pharma. Inds. 1782.85
Dr. Reddys Labs. 1196.05
Cipla 1335.60
Lupin 2010.00
Zydus Lifesciences 1142.55
View more..