SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Biocon jumps as its arm inks pact with Sandoz

26 Dec 2023 Evaluate

Biocon is currently trading at Rs. 249.75, up by 3.55 points or 1.44% from its previous closing of Rs. 246.20 on the BSE.

The scrip opened at Rs. 247.65 and has touched a high and low of Rs. 252.05 and Rs. 247.65 respectively. So far 77793 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 279.95 on 15-Sep-2023 and a 52 week low of Rs. 191.60 on 21-Mar-2023.

Last one week high and low of the scrip stood at Rs. 257.65 and Rs. 239.45 respectively. The current market cap of the company is Rs. 30051.02 crore.

The promoters holding in the company stood at 60.64%, while Institutions and Non-Institutions held 22.05% and 17.32% respectively.

Biocon’s subsidiary -- Biocon Biologics (BBL) has signed a Distribution Agreement with Sandoz, granting the Company the exclusive rights to promote, sell and distribute ‘Adalimumab BS for subcutaneous injection [FKB]’ in Japan. Based on this Agreement, Viatris has completed marketing and promotion of the product as of December 15, 2023, but will continue to provide transition support until Sandoz will gradually assume responsibilities for the product starting February 15, 2024.

Biocon Biologics has acquired the global biosimilars portfolio of Viatris including Adalimumab. Fujifilm Kyowa Kirin Biologics Co., the developer of the drug, has concluded an exclusive global marketing license agreement with Biocon Biologics affiliate.

Adalimumab BS for subcutaneous injection [FKB] is a biosimilar of Humira (generic name: adalimumab (genetical recombination)) and is indicated for immune-related diseases such as rheumatoid arthritis, psoriasis vulgaris, ankylosing spondylitis, Crohn's disease, and ulcerative colitis. 

Sandoz is committed to further strengthening its product pipeline to drive sustainable business growth. The transfer of the distribution rights of this product is part of this strategy, and its addition to the product portfolio will strengthen Sandoz's immunology and biosimilar portfolio.

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

357.80 0.15 (0.04%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1679.85
Dr. Reddys Lab 1333.05
Cipla 1305.85
Zydus Lifesciences 947.10
Lupin 2340.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×