Biocon has recorded a strong growth of 36% at Rs 250 crore in the Biologics segment in Q1FY19 which comprises of Novel Biologics and Biosimilars. The growth was largely driven by higher sales of biosimilar monoclonal antibodies (mAbs) in emerging markets, supported by Insulins business.
During the quarter, the company’s insulins portfolio gained market share in several emerging markets such as Malaysia, Algeria and UAE. The company’s brand Insugen, now holds a 75% share of the rh-insulin market in Malaysia.
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.