With a global presence in over 120 countries, Biocon serves markets like the U.S., Europe, and emerging economies, though 86% of its demand comes from developed markets. The company has transitioned from API manufacturing to an innovation-led strategy, focusing on biosimilars and novel biologics to counter pricing pressures in generics. Strategic partnerships (e.g., Mylan, Viatris) and acquisitions (e.g., Viatris’ biosimilars business) have strengthened its global footprint. Biocon’s revenue for FY19 was ₹56,588 million (USD 871 million), with a market cap of approximately ₹33,568 crore in 2024. Despite challenges like regulatory complexities and competition, Biocon’s robust pipeline, cost advantage, and focus on health equity position it as a leader in India’s biotech revolution.
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S&P Global Upgrades Biocon Biologics’ Credit Rating to ‘BB+’ with a Stable Outlook, Reports IndiaMedToday
S&P Global Ratings has upgraded the long-term issuer credit rating of Biocon Biologics, a subsidiary of Biocon Limited, to ‘BB+’ from ‘BB’. The rating agency has also maintained a stable outlook for the company. This upgrade is a testament to Biocon Biologics’ strong business profile, driven by its robust product portfolio, expanding global presence, and significant investments in research and development.
The ‘BB+’ rating reflects Biocon Biologics’ established position in the biosimilars market, with a diverse portfolio of products across diabetes, oncology, and immunology. The company’s commitment to innovation and quality has enabled it to build a strong reputation in the industry. S&P Global Ratings noted that Biocon Biologics’ revenue growth is expected to remain robust, driven by the increasing demand for biosimilars globally.
The rating agency also highlighted the company’s improving profitability, driven by better operating efficiencies and a favorable product mix. Biocon Biologics’ EBITDA margin is expected to remain stable, supported by its ability to manage costs and maintain pricing power. The company’s debt-to-EBITDA ratio is expected to remain moderate, providing it with the flexibility to pursue growth opportunities.
The stable outlook reflects S&P Global Ratings’ expectation that Biocon Biologics will maintain its strong business profile, driven by its established product portfolio and expanding global presence. The company’s significant investments in research and development are expected to yield new product launches, further enhancing its competitive position.
The upgrade is a significant milestone for Biocon Biologics, as it reflects the company’s ability to execute its strategy and deliver strong financial performance. The ‘BB+’ rating will provide the company with better access to capital markets, enabling it to pursue its growth plans and expand its global footprint. Biocon Biologics’ strong ratings will also enhance its credibility with customers, partners, and investors, further solidifying its position as a leading player in the biosimilars market.
Overall, the rating upgrade by S&P Global Ratings is a testament to Biocon Biologics’ strong fundamentals and growth prospects. The company’s commitment to innovation, quality, and customer satisfaction has enabled it to establish a strong position in the industry, and the ‘BB+’ rating reflects its ability to maintain this position and pursue new opportunities for growth.
Biocon Expects Robust Q3 Performance Fueled by Biosimilar Growth
Biocon, a leading biopharmaceutical company, is expected to have a strong third quarter in the fiscal year 2026 (Q3FY26). The company’s biosimilars segment is anticipated to drive this growth, with key products such as bStelara playing a significant role. Analysts predict substantial revenue growth, driven by the increasing adoption of biosimilars in emerging markets. The generics segment is also expected to contribute to the company’s growth, with new product launches in the pipeline.
This quarter’s results will be the first to reflect the consolidation of Biocon Biologics Limited (BBL), which is expected to have a positive impact on the company’s topline. Analysts estimate that the topline will surge by 18% due to the consolidation. The integration of BBL is expected to enhance Biocon’s biosimilars capabilities and increase its global footprint.
The biosimilars segment is expected to be a key driver of growth for Biocon, with products like bStelara, a biosimilar version of the monoclonal antibody Stelara, expected to contribute significantly to revenue. The company’s emerging market strategy is also expected to pay off, with increasing demand for biosimilars in these markets.
However, the generics segment is expected to face intense competition, which could impact the company’s growth prospects. Despite this, the segment is expected to show promise, with new product launches in the pipeline. The company’s focus on research and development is expected to yield new products and technologies, which will help drive growth in the long term.
Overall, Biocon is poised for a strong Q3FY26, driven by its biosimilars segment and emerging market traction. The consolidation of BBL is expected to have a positive impact on the company’s topline, and the generics segment is expected to show promise despite intense competition. With a strong pipeline of new products and a focus on research and development, Biocon is well-positioned for long-term growth and success. The company’s Q3FY26 results will be closely watched by investors and analysts, who will be looking for signs of continued growth and momentum.
Biocon Biologics enhances its cancer treatment offerings with the introduction of three key biosimilar products.
Biocon Biologics Ltd (BBL), a subsidiary of Biocon Limited, has announced plans to expand its oncology portfolio with the introduction of three new biosimilar candidates. The new additions include biosimilar versions of Trastuzumab/Hyaluronidase, Nivolumab, and Pembrolizumab, which are used to treat various types of cancer. With these new additions, Biocon Biologics will offer one of the broadest oncology biosimilar portfolios in the industry, addressing some of the world’s highest-revenue biologics that are expected to lose exclusivity over the next five years.
The company’s oncology portfolio represents a market opportunity exceeding $75 billion, accounting for nearly 35% of the global oncology pharmaceutical market. Biocon Limited has also announced plans to integrate Biocon Biologics as a wholly owned subsidiary, which is expected to simplify the corporate structure, enhance global commercial leverage, and strengthen Biocon’s leadership across diabetes, oncology, and immunology.
The integration, which is targeted to be completed by March 31, 2026, subject to regulatory approvals, will enable Biocon to offer biosimilar insulins alongside complex peptide generics, addressing the full continuum of diabetes care. Biocon Biologics’ CEO and Managing Director, Shreehas Tambe, commented that the integration will significantly enhance the company’s ability to deliver high-quality, affordable medicines at scale.
Biocon Biologics is a fully integrated global biosimilars company that serves over 6.3 million patients across 120 countries, providing high-quality biosimilars at affordable costs. The company has commercialized 10 biosimilars to date and has a pipeline of over 20 biosimilar assets spanning various therapeutic areas. Biocon Biologics is committed to advancing environmental, social, and governance priorities aligned with the United Nations Sustainable Development Goals.
The company’s expansion into the oncology market is expected to improve access to affordable cancer treatments worldwide. Biosimilars have been shown to be effective in reducing the cost of biologic treatments, making them more accessible to patients who may not have been able to afford them otherwise. With its expanded portfolio, Biocon Biologics is well-positioned to play a significant role in the global oncology market. The company’s commitment to delivering high-quality, affordable medicines is expected to have a positive impact on patients and healthcare systems worldwide.
Tragedy strikes in Bengaluru as 26-year-old Biocon staff member takes fatal leap from 5th floor of office building.
A 26-year-old employee of Biocon, a biopharmaceutical company, jumped to his death from the 5th floor of the company’s office building in Bengaluru, India. The incident occurred on a recent day, and the police are currently investigating the circumstances surrounding the death.
According to reports, the employee, whose identity has not been disclosed, was working in the research and development department of Biocon. He was a resident of Bengaluru and had been working with the company for several years. The police have stated that they are reviewing CCTV footage and speaking with colleagues and family members to determine the cause of the incident.
The incident has sent shockwaves through the company, with many colleagues and friends expressing their condolences on social media. Biocon has released a statement expressing its sadness and shock at the incident, and has offered support to the employee’s family.
The police have ruled out any foul play in the incident, and are treating it as a case of suicide. However, they are still investigating the circumstances that led to the employee’s death, including any potential work-related stress or personal issues.
This incident highlights the growing concern of mental health and stress in the corporate world, particularly in the tech and biotech industries. Many employees in these industries face high levels of stress and pressure to perform, which can take a toll on their mental health. Companies are increasingly recognizing the importance of providing support and resources to employees to manage stress and promote mental well-being.
Biocon has a reputation for being a supportive and employee-friendly company, with a range of initiatives and programs in place to promote employee well-being. However, this incident highlights the need for companies to do more to support employees who may be struggling with mental health issues.
The incident is also a reminder of the importance of seeking help and support when struggling with mental health issues. If you or someone you know is struggling with mental health issues, there are resources available to help. The National Institute of Mental Health and Neuro Sciences (NIMHANS) has a 24-hour helpline that provides support and counseling services. Additionally, many companies have employee assistance programs (EAPs) that provide confidential counseling and support services to employees.
Biocon Group wraps up #InvisibleYetImportant campaign, promoting breast cancer awareness
The Biocon Group has successfully concluded its public interest campaign, #InvisibleYetImportant, which aimed to raise awareness about breast cancer and the importance of timely detection and regular screening. The campaign, which coincided with Breast Cancer Awareness Month in October, emphasized the need for creating awareness about the often-overlooked early signs of breast cancer. The core message of the campaign was that even the smallest actions can make a significant difference to one’s health and well-being.
The campaign was structured around three key pillars: Inform, Engage, and Act. It commenced with a powerful video that reminded viewers that some signs of breast cancer may remain hidden until it’s too late. A handbook, “Invisible Yet Important: A Handbook for Breast Cancer Awareness,” was also developed to provide insights on early detection, prevention, and care. The handbook was made available for download, and social media channels were used to amplify the campaign, garnering approximately 500,000 video views and 682,000 overall impressions.
To engage employees, Biocon organized a live quiz on breast cancer awareness, which saw participation from employees across various locations. The top 10 winners were rewarded with a fun tea party celebration, which encouraged meaningful conversations around health, wellness, and preventive care. The campaign also featured expert advice from Dr. Akshita Singh, Senior Breast Consultant Surgeon, who addressed common myths and emphasized the importance of early detection and screening.
Under the #PeopleOfBiocon series, Dr. Kunvar Harsh Upveja, an internal Medico-Oncology expert, shared his perspective on the larger mission of access and equity in cancer care. He emphasized that science saves lives, but only if it reaches everyone, underscoring Biocon’s vision of delivering affordable and accessible therapies globally.
The campaign reflects Biocon Group’s commitment to public health advocacy and community well-being. The company’s spokesperson said that the campaign aimed to build a sustained movement encouraging people to stay informed, adopt preventive health practices, and prioritize early detection. The campaign’s success demonstrates the power of awareness and timely action in changing outcomes for patients, and it serves as a reminder that awareness must be ongoing, and even small steps can have a life-changing impact.
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DK Shivakumar, DCM, holds meeting with industry leaders to address Bengaluru’s infrastructure concerns
In a bid to address the concerns of industrialists over Bengaluru’s poor infrastructure, Deputy Chief Minister DK Shivakumar held a meeting with prominent business leaders, including Biocon founder Kiran Mazumdar-Shaw and former Infosys CFO Mohandas Pai. The meeting, which took place over dinner on Saturday, aimed to discuss the city’s key infrastructure bottlenecks, including potholes, traffic, and garbage management. The gathering was also attended by Greater Bengaluru Authority Chief Commissioner M Maheshwar Rao, Bengaluru Business Corridor Chairman LK Atheeq, and former JDS spokesperson Tanveer Ahmed, among others.
The meeting was a response to recent criticism from Kiran and Pai, who had expressed their frustration over the city’s infrastructure issues. Their comments had sparked a backlash from Congress ministers, who suggested that they should use their corporate social responsibility (CSR) funds to contribute to the city’s development. However, the tone of the meeting was constructive, with Kiran Mazumdar-Shaw describing it as a positive discussion on an action plan to address the city’s key infrastructure challenges.
Shivakumar acknowledged that the criticism from industrialists had gained international attention, and emphasized the need to work together to find solutions. He appreciated the suggestions offered by the business leaders and announced that they would be included in the main advisory committee to contribute to the city’s development. The Deputy Chief Minister recognized that the challenge lies in working through the bureaucratic framework, which can be time-consuming due to the need to follow legal protocols.
The meeting marks a significant step towards collaboration between the government and the business community in addressing Bengaluru’s infrastructure woes. By engaging with prominent industrialists and incorporating their suggestions, the government aims to find effective solutions to the city’s problems and improve its overall development. The inclusion of business leaders in the advisory committee is expected to bring in fresh perspectives and expertise, ultimately contributing to the betterment of Bengaluru’s infrastructure.
Health Canada grants approval for BBL’s Yesintek and Yesintek I.V. products.
Biocon Biologics Ltd, a global biosimilars company, has announced that Health Canada has granted approval for Yesintek, a biosimilar to Stelara, for the treatment of several moderate to severe autoimmune diseases. The approval includes both subcutaneous and intravenous formulations of the drug, which will be available in Canada by mid-October. Yesintek has been shown to be highly similar to Stelara, with no clinically meaningful differences in efficacy, safety, or immunogenicity.
The approval is a significant step in Biocon Biologics’ mission to expand access to advanced biologic therapies across North America. Yesintek will be used to treat conditions such as plaque psoriasis, active psoriatic arthritis, Crohn’s disease, and ulcerative colitis, which affect thousands of Canadians. The arrival of an affordable biosimilar option is a welcome development for patients and healthcare providers alike.
The approval of Yesintek is based on a comprehensive data package that demonstrates its similarity to Stelara. The drug will be made available through the My Biocon Biologics Patient Support Program, which provides tailored assistance to patients prescribed the therapy. The program ensures smooth access and ongoing support for patients.
The available formulations of Yesintek include a subcutaneous injection and an intravenous solution. The approval strengthens Biocon Biologics’ global footprint and enhances its immunology portfolio with a more affordable treatment option for Canadian patients. The company remains committed to advancing biosimilar adoption in Canada to improve patient outcomes and deliver meaningful savings to the healthcare system.
With this approval, Biocon Biologics continues to reinforce its leadership in biosimilar innovation and accessibility. The launch of Yesintek in Canada adds to the company’s expanding global footprint and underscores its commitment to making advanced biologic treatments more affordable and widely available. This is a crucial step toward improving patients’ quality of life worldwide. Biocon Biologics’ CEO and Managing Director, Shreehas Tambe, stated that the approval marks a significant milestone in the company’s mission to expand global access to high-quality biosimilars.
Kiran Mazumdar-Shaw Stands Firm On Kannada Pride Despite Fierce Criticism Over Bengaluru’s Infrastructure Remarks
Kiran Mazumdar-Shaw, the founder of Biocon, has defended her identity as a Kannadiga after facing backlash for her comments on Bengaluru’s infrastructure. In a recent post, she reaffirmed her love for the city and the Kannada culture, stating that she has spent seven decades living in the city and is proud to be a Kannadiga. Mazumdar-Shaw’s comments come after she criticized the poor roads and garbage management in Bengaluru, which drew sharp criticism from Karnataka officials and pro-Kannada activists.
The criticism was not only limited to her comments on infrastructure but also questioned her loyalty to Karnataka. Some netizens cited her opposition to policies favoring locals, such as the Karnataka Job Quota Bill, and her stance in the Cauvery water dispute. Additionally, her resistance to renaming Bangalore to Bengaluru was also brought up. However, others defended Mazumdar-Shaw, highlighting her decades-long contributions to Bengaluru’s growth and development.
As the founder of Biocon, Mazumdar-Shaw has played a significant role in establishing the city as a global biotech hub, creating thousands of jobs and putting the city on the map. Her defenders argued that her professional and personal connection to the city should outweigh any political or cultural criticisms. Deputy Chief Minister DK Shivakumar was among those who criticized Mazumdar-Shaw’s comments, but her supporters countered that her legacy and contributions to the city should be taken into account.
Mazumdar-Shaw’s post was a clear response to the criticism, as she stated, “I don’t think I am answerable to anyone who questions my loyalty to Karnataka.” Her statement reflects her confidence in her identity as a Kannadiga and her commitment to the city and its culture. The debate surrounding Mazumdar-Shaw’s comments highlights the complex issues surrounding identity, culture, and loyalty in the context of Bengaluru and Karnataka. While some may question her loyalty, others see her as a proud Kannadiga who has made significant contributions to the city’s growth and development.