Hot Pursuit     05-Feb-21
Biocon gains as subsidiary offers its oncology biosimilars in over 30 countries
Biocon rose 1.04% to Rs 413.90 after the company's subsidiary signed an agreement with the Clinton Health Access Initiative (CHAI) to expand access to lifesaving cancer biosimilars in over 30 countries in Africa and Asia.
Biocon Biologics, a fully integrated ‘pure play' biosimilars company and a subsidiary of Biocon, has signed an agreement with the Clinton Health Access Initiative (CHAI) to expand access to lifesaving cancer biosimilars in over 30 countries in Africa and Asiaas a part of the Cancer Access Partnership (CAP).

The partnership is a significant step in delivering advanced cancer therapies to patientswho need them the most and ensuring equitable access to high-quality biosimilars in low-and middle-income countries (LMICs).

Biocon Biologics aims to deliver substantial savingsto healthcare systems by enhancing access and availability of these high-quality, affordable biosimilar cancer therapies in 25 countries in Africa and 5 countries in Asia currently covered under CAP, led by CHAI. Biocon Biologics will initially supply bTrastuzumab and bPegfilgrastim and will expand the arrangement to include other biosimilars.

Biocon Biologics is leveraging its science, scale and expertise to shift the access paradigm for patients in need of biosimilars across the globe. The Biocon subsidiary is uniquely positioned as a fully integrated 'pure play' biosimilars organization in the world.

Biocon is an innovation-led global biopharmaceuticals company. It has developed and commercialized novel biologics, biosimilars, and complex small molecule APIs in India and several key global markets as well as generic formulations in the US and Europe.

Previous News
  Biocon’s Andhra Pradesh facility gets 3 USFDA observations
 ( Hot Pursuit - 15-Jun-24   16:32 )
  Biocon CFO resigns
 ( Corporate News - 08-Feb-24   19:43 )
  Biocon
 ( Results - Analysis 17-May-24   10:41 )
  Biocon issues corporate guarantee of $20 mn for Biocon Generics
 ( Corporate News - 24-Feb-24   12:47 )
  Biocon allots NCDs aggregating Rs 1070 cr
 ( Corporate News - 21-Feb-23   18:58 )
  Biocon
 ( Results - Analysis 13-Nov-23   12:15 )
  Biocon Biologics receives EMA CHMP's positive opinion for YESAFILI®, an aflibercept biosimilar
 ( Corporate News - 24-Jul-23   09:17 )
  Biocon announces resignation of senior management
 ( Corporate News - 08-Feb-24   19:49 )
  Biocon reports consolidated net profit of Rs 660.00 crore in the December 2023 quarter
 ( Results - Announcements 09-Feb-24   07:41 )
  Biocon Ltd spurts 1.05%, gains for third straight session
 ( Hot Pursuit - 10-Jun-22   13:05 )
  Biocon signs exclusive licensing and supply agreement with Handok
 ( Corporate News - 24-May-24   09:06 )
Other Stories
  RVNL gains on emerging as L-1 bidder for Rs 133-cr railway project
  03-Jul-24   15:38
  Cholamandalam Financial Holdings Ltd leads losers in 'A' group
  03-Jul-24   15:00
  Sakuma Exports Ltd leads losers in 'B' group
  03-Jul-24   14:45
  NTPC power generation climbs 9.5% YoY in Q1
  03-Jul-24   14:41
  Volumes soar at MMTC Ltd counter
  03-Jul-24   14:30
  Oil and Gas shares fall
  03-Jul-24   14:00
  Real Estate stocks edge lower
  03-Jul-24   14:00
  Energy stocks edge lower
  03-Jul-24   14:00
  Sundaram-Clayton gains after board OKs to raise funds upto Rs 400 cr
  03-Jul-24   13:38
  JSW Infra's subsidiary concession agreement V.O. Chidambaranar Port Authority
  03-Jul-24   13:34
Back Top