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Biocon rises as its arm signs MoU with CSSC for Mission 10 cents

16 Dec 2020 Evaluate

Biocon is currently trading at Rs. 459.85, up by 4.55 points or 1.00% from its previous closing of Rs. 455.30 on the BSE.

The scrip opened at Rs. 459.85 and has touched a high and low of Rs. 459.85 and Rs. 456.60 respectively.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 477.90 on 09-Oct-2020 and a 52 week low of Rs. 235.80 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 460.65 and Rs. 447.00 respectively. The current market cap of the company is Rs. 54636.00 crore.

The promoters holding in the company stood at 60.67%, while Institutions and Non-Institutions held 22.98% and 16.35% respectively.

Biocon’s subsidiary company -- Biocon Biologics, in continuation of its Mission 10 cents affordable insulins program for low- and middle-income countries (LMICs), has signed a Memorandum of Understanding (MoU) with the Christian Social Services Commission (CSSC), a faith-based organization active in Africa. CSSC works closely with the government as well as international and national partners to facilitate health and education services. Tanzania will be the first country in Africa that will benefit from this collaboration between Biocon Biologics and CSSC.

As a leading global insulins player, Biocon Biologics is helping unlock universal access to quality insulins in low- and middle-income countries (LMICs) by making recombinant human insulin (rh-insulin) available for less than 10 U.S. cents per day as a part of its ‘Mission 10 cents’ program. Besides improving access to insulin treatment by making affordable yet high quality insulin available, Biocon Biologics is working with local partners to help strengthen overall healthcare capacity with the aim of supporting all people with diabetes in LMICs, where diabetes prevalence has been rising more rapidly than in high-income countries.

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

358.20 7.65 (2.18%)
17-Apr-2026 16:59 View Price Chart
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