Biocon has received an approval for the sale and transfer of its business undertaking relating to drug substance manufactured in the GPP facility of the Company, on a going- concern basis, with effect from April 1, 2019. The Board of Directors of the company at their meeting held on April1, 2019, approved the same.
The sale of business undertaking will be to Biocon Biologics India, a wholly owned subsidiary.
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.