Biocon jumps on partnering with Tabuk Pharmaceutical to commercialise speciality products in Middle East

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

07 Dec 2021 Evaluate

Biocon is currently trading at Rs. 362.50, up by 3.25 points or 0.90% from its previous closing of Rs. 359.25 on the BSE.

The scrip opened at Rs. 363.00 and has touched a high and low of Rs. 363.85 and Rs. 357.80 respectively. So far 24917 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. 314.90 on 25-Oct-2021.

Last one week high and low of the scrip stood at Rs. 378.40 and Rs. 357.80 respectively. The current market cap of the company is Rs. 43521.75 crore.

The promoters holding in the company stood at 60.64%, while Institutions and Non-Institutions held 23.18% and 16.18% respectively.

Biocon has partnered with Tabuk Pharmaceutical Manufacturing Company (a fully owned subsidiary of Astra Industrial Group), a leading pharmaceutical company in the Middle East and North Africa (MENA), to commercialise select speciality products in the Middle East. Under the terms of this agreement, Tabuk Pharmaceuticals will hold the marketing authorization for these products and will be responsible to register, import, and promote them in Saudi Arabia and other Middle East countries.

The partnership will pave the way for Biocon’s expansion into the MENA region to include Saudi Arabia, UAE, Kuwait, Qatar, Oman and Iraq, in addition to Jordan and Lebanon. This is another important milestone for Biocon, reflecting its commitment to providing patients around the globe with affordable medications, by establishing a strong global portfolio of products, either directly, or through strategic partnerships. As part of the out-licensing deal with Tabuk, Biocon will develop and manufacture the products, and Tabuk will commercialise them.

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

418.90 0.70 (0.17%)

02-Jul-2026 16:01 View Price Chart

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