
Biocon shares down 5% on 30% dip in Q1 profit
Biocon Ltd reported a decline in the net profit in the April to June quarter by 30% to ₹101.4 crore as against ₹144.40 crore in the same period last year.
Biocon Ltd reported a decline in the net profit in the April to June quarter by 30% to ₹101.4 crore as against ₹144.40 crore in the same period last year.
India being the world's third-largest in cancer burden, oncology is now competing with cardiology in diagnosis, care and management at leading healthcare chains.
Biocon declared a dividend of ₹1.50 per share for FY23, which includes payout on account of one-time exceptional gains arising from partial monetisation of its holdings in Syngene
As per the new arrangement, Biocon Biologics will have access to 100 million doses of vaccines annually together with the distribution rights to Serum Institute’s vaccine portfolio.
The Sensex and Nifty are poised to open lower on Wednesday, in line with global equities amid concerns about aggressive interest rate hikes from the U.S. Federal Reserve.
CBI says the accused was trying to exert undue influence on officers of CDSCO to waive the Phase III trial of "Insulin Aspart Injection".
Resurgence of interest and new technologies bring a huge opportunity for the vaccine development field, says Biocon CMD Kiran Mazumdar-Shaw.
Biocon, which launched the world's first interchangeable insulin Glargine in the US during the third quarter, has eight approved products.
Semglee is the only interchangeable biosimilar to Lantus, used to treat adults with type 2 diabetes and adults and pediatric patients with type 1 diabetes.
FSN E-Commerce breaks into top 100 mcap club with a valuation of $14 billion.