Biocon surges as its arm gets EIR from USFDA for two manufacturing facilities in Bengaluru

Biocon Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 532523 | NSE: BIOCON

16 Apr 2020 Evaluate

Biocon is currently trading at Rs. 349.65, up by 12.75 points or 3.78% from its previous closing of Rs. 336.90 on the BSE.

The scrip opened at Rs. 340.00 and has touched a high and low of Rs. 352.80 and Rs. 339.15 respectively. So far 95267 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 355.25 on 13-Apr-2020 and a 52 week low of Rs. 211.30 on 20-Aug-2019.

Last one week high and low of the scrip stood at Rs. 355.25 and Rs. 330.25 respectively. The current market cap of the company is Rs. 40428.00 crore.

The promoters holding in the company stood at 60.67%, while Institutions and Non-Institutions held 21.64% and 17.70% respectively.

Biocon’s subsidiary -- Biocon Biologics India has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) for the Pre-Approval Inspection (PAI) at two of its biologics manufacturing facilities in Bengaluru. The inspection was conducted between September 10 and September 19, 2019. Biocon Biologics has responded to the regulator on the eight observations from this inspection, in the month of October 2019.

Subsequent to the above inspection, Biocon Biologics has received approvals for the two products Trastuzumab (Drug Product) and Pegfilgrastim (Drug Substance) from the USFDA in 2019. The receipt of the EIR indicates a successful closure of the inspection. This is an endorsement of the company’s commitment to global standards of Quality and Compliance.

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.

Biocon Share Price

380.55 -2.05 (-0.54%)

08-May-2026 16:59 View Price Chart

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