Biocon is currently trading at Rs. 276.85, up by 1.45 points or 0.53% from its previous closing of Rs. 275.40 on the BSE.
The scrip opened at Rs. 274.00 and has touched a high and low of Rs. 278.80 and Rs. 274.00 respectively. So far 6521 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 321.50 on 16-Nov-2012 and a 52 week low of Rs. 213.00 on 18-Jun-2012.
Last one week high and low of the scrip stood at Rs. 290.70 and Rs. 271.00 respectively. The current market cap of the company is Rs. 5540.00 crore.
The promoters holding in the company stood at 60.96% while Institutions and Non-Institutions held 17.04% and 21.99% respectively.
Biocon, Asia's premier biotechnology company, is looking for partner to develop and market its novel biologic drug Itolizumab, branded as ‘Alzumab’. In January 2013, the company had received marketing authorization for Itolizumab from the Drugs Controller General of India (DCGI). The company as such has not identified any potential partners and about the financial contours of the partnership for Itolizumab. It is currently preparing launch of the product in India. This is the company’s second novel biologic developed in India, BioMab EGFR, an anti-cancer monoclonal antibody, being the first.
Itolizumab is used for the treatment of chronic plaque psoriasis worldwide. Psoriasis is an inflammatory auto-immune skin disease that follows a typical relapsing and remitting course with the disease affecting 2-3% of the world’s population. The global market for the psoriasis treatments is expected to reach $8 billion by 2016.
Biocon is India’s premier biotechnology company with a strategic focus on biopharmaceuticals and research services. Biocon produces anti-diabetic agents like Acarbose, Pioglitazone, Repaglinides and Rosiglitazone. In the biological segment it produces Insulin, Erythropoietin (EPO), Filgrastim (GCSF), Streptokinase and Monoclonal Antibodies.
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