Biocon jumps as its arm receives European Commission approval for Biosimilar Bevacizumab

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

27 Apr 2021 Evaluate

Biocon is currently trading at Rs. 398.80, up by 3.20 points or 0.81% from its previous closing of Rs. 395.60 on the BSE.

The scrip opened at Rs. 395.80 and has touched a high and low of Rs. 399.05 and Rs. 392.40 respectively. So far 138559 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 487.70 on 23-Dec-2020 and a 52 week low of Rs. 320.90 on 15-May-2020.

Last one week high and low of the scrip stood at Rs. 404.35 and Rs. 392.40 respectively. The current market cap of the company is Rs. 47460.00 crore.

The promoters holding in the company stood at 60.67%, while Institutions and Non-Institutions held 23.44% and 15.89% respectively.

Biocon’s subsidiary -- Biocon Biologics has received marketing authorization approval from the European Commission (EC) for Abevmy 100 & 400 mg, a biosimilar of Bevacizumab co-developed with Viatris Inc. The company has received approval following the positive recommendation by the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency. Abevmy 100 & 400 mg, a biosimilar Bevacizumab, is approved for the treatment in metastatic colorectal carcinoma, metastatic breast cancer, nonsmall-cell lung carcinoma, glioblastoma, ovarian, cervical and renal cancer as part of a specific regimen.

The centralized marketing authorization granted by the EC is valid in all EU Member States as well as in the European Economic Area (EEA) countries Iceland, Liechtenstein and Norway.

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

Peers

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