Biocon has entered into a Business Transfer Agreement (BTA) with its step down wholly owned subsidiary, Biocon Biologics India (BBIL) on January 22, 2018, for the transfer of its Biosimilars business to BBIL.
The proposed transfer of Biosimilars business would enable consolidation of the development, commercialization and manufacturing of all Biosimilars businesses under a single structure.
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.