Biocon shines as its arm enters into strategic alliance with Serum Institute Life Sciences

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

17 Sep 2021 Evaluate

Biocon is currently trading at Rs. 388.85, up by 11.95 points or 3.17% from its previous closing of Rs. 376.90 on the BSE.

The scrip opened at Rs. 392.00 and has touched a high and low of Rs. 398.60 and Rs. 384.25 respectively. So far 164191 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. 327.75 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 398.60 and Rs. 350.00 respectively. The current market cap of the company is Rs. 45250.61 crore.

The promoters holding in the company stood at 60.64%, while Institutions and Non-Institutions held 23.43% and 15.93% respectively.

Biocon Biologics (BBL), a subsidiary of Biocon and Serum Institute Life Sciences (SILS), a subsidiary of Serum Institute of India have entered into a strategic alliance. Under the terms of the agreement, BBL will offer approximately 15% stake to SILS, at a post-money valuation of $4.9 billion, for which it will get committed access to a 100 million doses of vaccines per annum for 15 years, primarily from SILS's upcoming vaccine facility in Pune with commercialization rights of the SILS vaccine portfolio (including COVID-19 vaccines) for global markets.

Pursuant to the terms of the agreement, BBL will generate a committed revenue stream and related margins, commencing H2, FY23. Adar Poonawalla will have a Board seat in Biocon Biologics. In addition to vaccines, the strategic alliance will also develop antibodies targeting several infectious diseases like Dengue, HIV, etc. The two companies will enter Service Level Agreements (SLAs) for manufacturing and distribution of the vaccines and antibodies.

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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