BIOCON

June 2 (Reuters) - Biocon Ltd BION.NS:

• BIOCON LTD - RECEIVES APPROVAL FOR LIRAGLUTIDE DRUG IN INDIA

• BIOCON LTD - RECIEVED APPROVAL FOR GENERIC VERSION OF VICTOZA FOR TYPE 2 DIABETES

Further company coverage: BION.NS

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May 21 (Reuters) - Biocon Ltd BION.NS:

• BIOCON BIOLOGICS AND YOSHINDO EXPAND ACCESS TO USTEKINUMAB BIOSIMILAR IN JAPAN

Source text: [ID:]

Further company coverage: BION.NS

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May 8 (Reuters) - Biocon Ltd BION.NS:

• IN FY26, WE EXPECT TO SEE A RECOVERY IN API BUSINESS

• FOCUSED ON STRATEGIC EXPANSION OF DIFFERENTIATED GLP-1 PORTFOLIO INTO NEW MARKETS

Source text: ID:nBSE9XfQ98

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May 5 (Reuters) - Biocon Ltd BION.NS:

• BIOCON BIOLOGICS SECURES STRONG MARKET ACCESS COVERAGE FOR YESINTEK IN THE UNITED STATES

Source text: ID:nBSE8NV3PQ

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April 23 (Reuters) - Indian biopharma firm Biocon BION.NS said on Wednesday it will raise funds worth up to 45 billion rupees ($527.3 million) via issue of securities, which may include debt and selling shares to institutional investors.

($1 = 85.3420 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Krishna Chandra Eluri)

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April 15 (Reuters) - Biocon Ltd BION.NS:

• BIOCON LTD - BIOCON BIOLOGICS SECURES U.S. MARKET ENTRY FOR YESAFILI BIOSIMILAR

• BIOCON LTD - YESAFILI TO LAUNCH IN U.S. IN SECOND HALF OF 2026 OR EARLIER

• BIOCON - BIOCON BIOLOGICS, REGENERON EXECUTED SETTLEMENT AGREEMENT TO DISMISS PENDING APPEAL

Source text: ID:nBSEz8sQy

Further company coverage: BION.NS

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** Shares of biopharma firm Biocon BION.NS climb 3.5% to 320 rupees

** The U.S. FDA approvesco's biosimilar drug, Jobevne, which combats cancer by restricting blood supply to the tumor

** Separately, the U.S. FDA also approvesunit's drug Everolimus, used to treat organ rejection in kidney and liver transplantation

** Biocon is the third-biggest gainer in the Nifty pharma index .NIPHARM, which is up 2.5%, tracking broader markets after the U.S. paused steep reciprocal tariffs

** Stock down 13% so far in 2025 vs a 12.5% drop in the pharma index

(Reporting by Nishit Navin)

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April 10 (Reuters) - Biocon Ltd BION.NS:

• BIOCON LTD - U.S. FDA APPROVES BIOCON BIOLOGICS'S BEVACIZUMAB BIOSIMILAR, JOBEVNE

Source text: ID:nNSE5l9jrj

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April 9 (Reuters) - Indian pharmaceutical stocks .NIPHARM fell 1.7% on Wednesday after U.S. President Donald Trump reiterated plans to announce a "major" tariff on all pharmaceutical imports.

U.S. accounts for a third of India's overall pharma exports.

Trump also threatened the duties on Friday, after his first set of reciprocal tariffs earlier last week exempted pharma products -- a change in stance that had prompted a wild swing in pharma stocks.

On the day, all twenty constituents of the pharma index were lower, with the index dragging down the benchmark Nifty 50 .NSEI by about 0.52% as of 9:20 a.m. IST.

Gland Pharma GLAD.NS, Lupin LUPN.NS and Zydus Lifesciences ZYDU.NS were the top losers by percentage, down between 3% and 5%.

Sun Pharma SUN.NS and Cipla CIPL.NS, the top constituents by weight, fell 1.69% and 1.87%, respectively.

India's pharma exports to the U.S. mostly comprise generics, or cheaper versions of popular drugs. These currently attract almost no U.S. levies, while India imposes about 10% tax on U.S. pharma imports, according to industry experts.

The pharma index has fallen 14.4% this year.

(Reporting by Kashish Tandon and Ananta Agarwal in Bengaluru; Editing by Savio D'Souza)

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April 4 (Reuters) - Biocon Ltd BION.NS:

• APPROVES ISSUANCE OF COMMERCIAL PAPERS UP TO 6 BILLION RUPEES

Source text: ID:nBSE2jScWY

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April 1 (Reuters) - Biocon Ltd BION.NS:

• BIOCON LTD - TO CONSIDER FUND RAISING THROUGH COMMERCIAL PAPERS ON APRIL 4, 2025

Source text: ID:nBSE5rghRV

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March 24 (Reuters) - Biocon Ltd BION.NS:

• UNIT GETS APPROVAL FROM THE U.S. FDA FOR ITS ANDA NOREPINEPHRINE BITARTRATE INJECTION

Source text: [ID:]

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March 20 (Reuters) - Eli Lilly LLY.N on Thursday launched in India its diabetes and weight-loss drug, Mounjaro, which has already clocked in over $20 billion in global sales since its initial U.S. launch in 2022.

India, the world's most populous country, has high obesity rates and the second-highest number of people with type 2 diabetes. Around 11% of Indian adults are expected to become obese by 2035, according to the World Obesity Federation Atlas.

Here are the local and international drugmakers also eyeing the Indian market and looking to introduce rivals to Lilly's drug:

NOVO NORDISK

The Danish drugmaker NOVOb.CO had said it aims to launch its blockbuster weight-loss drug, Wegovy, in India by 2026.

The active ingredient in Wegovy is semaglutide, which is likely to go off-patent in 2026 in India.

Wegovy and Lilly's Mounjaro belong to the same class of treatments called GLP-1 agonists, which soared into popularity globally triggering a shortage of supply. GLP-1 drugs mimic a gut hormone that helps control blood sugar levels and slow digestion, making people feel fuller for longer.

SUN PHARMA

Sun Pharmaceutical SUN.NS, India's largest drugmaker by revenue, is developing its own GLP-1 treatment, utreglutide, for weight loss and type 2 diabetes.

The drugmaker said earlier this month it expects to launch the drug in the next four to five years.

BIOCON

Indian drugmaker Biocon BION.NS is developing its own version of Novo's Wegovy, as the drug is set to lose exclusivity next year in emerging markets such as India, Brazil, Mexico, and Saudi Arabia.

ZYDUS LIFESCIENCES

India's Zydus Lifesciences ZYDU.NS is developing the generic version of Semaglutide and plans on launching the drug after its patent expires in India.

CIPLA

Cipla CIPL.NS, India's third-largest drugmaker by sales, is among the Indian drugmakers making cheaper versions of Novo's Wegovy.

Cipla has also said it is open to partnering with Lilly to market Mounjaro in India.

DR. REDDY'S

India's Dr. Reddy's REDY.NS has said it plans to launch generic versions of Semaglutide in all the markets as Novo's patent expires.

LUPIN

India's Lupin LUPN.NS is another generic drugmaker looking to grab a share of the burgeoning obesity treatment market with its own version of Novo's Wegovy.

NATCO, MANKIND PHARMA, AUROBINDO PHARMA

Media reports say India's Natco Pharma NATP.NS, Mankind Pharma MNKI.NS, Aurobindo Pharma ARBN.NS are also developing cheaper versions of Novo's Wegovy.

Reuters was not able to independently verify the reports.

(Reporting by Mariam Sunny in Bengaluru; Editing by Maju Samuel)

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Corrects deal value in headline, paragraph 1 to $36.5 million, from $50 million

March 10 (Reuters) - India's Syngene International on Monday said it has acquired its first biologics facility in the United States from Emergent Manufacturing Operations Baltimore, a unit of Emergent BioSolutions EBS.N, for $36.5 million.

The contract research firm's acquisition of the facility aligns with broader industry efforts to reduce dependence on China by expanding capabilities in other regions.

The facility, which the contract research firm said is strategically located near key biotech hubs in the Northeast U.S., is expected to be operational for client projects from the second half of 2025.

This acquisition, expected to close in March 2025, will boost Syngene's total single-use bioreactor capacity to 50,000 liters from 20,000 liters, enhancing its capabilities in large molecule discovery, development and manufacturing services.

"In the short term, we expect minor dilution of operating margins as a result of costs to be incurred in this facility," Deepak Jain, Syngene International's chief financial officer, said.

India's contract research development and manufacturing organisation sector has the potential to grow seven-fold to $22 billion-$25 billion by 2035, according to a report by Boston Consulting Group.

(Reporting by Yagnoseni Das in Bengaluru; Editing by Vijay Kishore)

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March 7 (Reuters) - Biocon Ltd BION.NS:

• BIOCON BIOLOGICS ANNOUNCES POSITIVE RESULTS FROM PHASE 3 STUDY OF YESINTEK™ BIOSIMILAR TO USTEKINUMAB FOR CHRONIC PLAQUE PSORIASIS

• BIOCON LTD - YESINTEK DEMONSTRATES EQUIVALENT EFFICACY AND SAFETY TO STELARA

Source text: ID:nPn6k3Q9ta

Further company coverage: BION.NS

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March 6 (Reuters) - Biocon Ltd BION.NS:

• BIOCON BIOLOGICS AND CIVICA, INC. COLLABORATE TO EXPAND INSULIN ASPART ACCESS IN US

Source text: ID:nBSE484mXh

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March 4 (Reuters) - Biocon Ltd BION.NS:

• BIOCON - SUBSIDIARY RECEIVED FINAL APPROVALS FOR ITS ANDAS FROM U.S. FDA

• BIOCON - APPROVALS FOR LENALIDOMIDE CAPSULES, DASATINIB TABLETS

• BIOCON - BIOCON PHARM RECEIVED TENTATIVE APPROVAL FOR RIVAROXABAN TABLETS

Source text: ID:nBSE1Z652g

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Feb 28 (Reuters) - Biocon Ltd BION.NS:

• LAUNCHES GLP-1 PEPTIDE LIRAGLUTIDE IN THE U.K.

Source text: ID:nBSE6zTWvJ

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** Shares of Biocon BION.NS rise nearly 2%, set to snap 7-day losing run

** Biopharma co says unit launches YESINTEK, a biosimilar to Stelara, in the U.S. to treat chronic autoimmune diseases

** Analysts avg rating is 'buy'; median PT is 400 rupees vs current price of 327 rupees -LSEG data

** BION shed nearly 11% in 7-day losing streak and is down about 12% YTD

(Reporting by Meenakshi Maidas in Bengaluru)

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Feb 24 (Reuters) - Biocon Ltd BION.NS:

• BIOCON LTD - BIOLOGICS LAUNCHES YESINTEK BIOSIMILAR IN THE U.S.

Source text: ID:nBSEbJSdHv

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Feb 18 (Reuters) - Biocon Ltd BION.NS:

• EUROPEAN COMMISSION APPROVES BIOCON BIOLOGICS’ USTEKINUMAB BIOSIMILAR

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Feb 6 (Reuters) - Biocon Ltd BION.NS:

• EQUILLIUM ANNOUNCES POSITIVE DATA FROM PHASE 2 STUDY EVALUATING ITOLIZUMAB IN PATIENTS WITH MODERATE TO SEVERE ULCERATIVE COLITIS

• EQUILLIUM INC - ITOLIZUMAB GENERALLY WELL TOLERATED IN PHASE 2 STUDY

• EQUILLIUM INC - ITOLIZUMAB ACHIEVES 16.7% ENDOSCOPIC REMISSION IN PHASE 2 STUDY

Source text: ID:nBwbcr7K5a

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Feb 1 (Reuters) - Biocon Ltd BION.NS:

• BIOCON LTD - FACES TAX PENALTY OF 1.2 MILLION RUPEES

Source text: ID:nNSE6FBxZc

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By Rishika Sadam

HYDERABAD, Jan 31 (Reuters) - Indian biopharmaceutical firm Biocon BION.NS is likely to list its key biosimilars business by March 2026 and aims for double-digit share in its core U.S. market for its new launches, a top executive told Reuters on Friday.

The company plans to launch five new biosimilars in the U.S. in the new fiscal year, starting in April, and is aspiring for double-digit market share for them, Biocon Biologics CEO Shreehas Tambe told Reuters in an interview.

Biosimilars are similar and relatively affordable versions of high-priced and complex biologics drugs used to treat illnesses such as cancer and autoimmune diseases.

"We needed to be in charge and control of the business (before taking the company public). I think we're pretty much there... We should be looking at the next 12-15 months to this fiscal, which is March 2026 (for listing)," Tambe said.

The company, which has been pushing its IPO plans for the past year, has been waiting to complete the integration of its acquired biosimilars firm Viatris and refinance debt before it goes public.

The new U.S. launches, in addition to four existing biosimilars, will focus on therapy areas including diabetes, oncology and immunotherapy.

The company's existing biisimilars have a 20% market share, Tambe said.

The U.S. contributes about 40% in revenue to Biocon Biologics, followed by 35% from Europe where the company plans to launch three new biosimilars in the next 18 months.

The firm hopes to benefit from U.S. President Donald Trump's stand on healthcare affordability, Tambe said.

"..there is a bipartisan view on on bringing affordability to healthcare and I think biosimilars have a big role to play in this," he said.

(Reporting by Rishika Sadam; Editing by Sonia Cheema)

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Jan 30 (Reuters) - Biocon Ltd BION.NS:

• BIOCON - APPROVES PURCHASE OF EQUITY SHARES OF BIOCON BIOLOGICS

• BIOCON LTD - EQUITY SHAREHOLDING IN BBL TO INCREASE BY 1.5%

• BIOCON LTD - COST OF ACQUISITION IS 5,550 MILLION RUPEES

Source text: ID:nBSE9f278v

Further company coverage: BION.NS

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Jan 29 (Reuters) - Biocon Ltd BION.NS:

• ISSUE OF COMMERCIAL PAPERS OF 5.7 BILLION RUPEES

Source text: ID:nBSE6VMDF8

Further company coverage: BION.NS

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Jan 27 (Reuters) - Biocon Ltd BION.NS:

• APPROVES ISSUANCE OF COMMERCIAL PAPERS WORTH 5.70 BILLION RUPEES

• COMMERCIAL PAPERS ISSUANCE ON PRIVATE PLACEMENT BASIS

Source text: ID:nNSEbcHMmj

Further company coverage: BION.NS

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BENGALURU, Jan 23 (Reuters) - Diary of India economic, corporate events on Jan. 23

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled', AMC - 'After market close'

(Compiled by Bengaluru Newsroom)

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Corrects to remove reference to cosmetic surgeries in paragraph 2

By Rishika Sadam

HYDERABAD, India, Jan 20 (Reuters) - India should eliminate tax on drugs for cancer treatment and for chronic and rare diseases, the chairperson of major drugmaker Biocon Ltd BION.NS said ahead of Prime Minister Narendra Modi's budget announcement, expected next month.

Drugs used for treating chronic diseases such as diabetes and cancer should be exempted from tax, Kiran Mazumdar-Shaw told Reuters on Friday.

"In India most of the expenses on medicines are out of pocket - even diagnostic scans are very expensive," she said, urging the government to consider making lifesaving therapies affordable and waiving tax on them.

"All cancer-related drugs are expensive. Any drug used for chronic therapy with a monthly cost of treatment exceeding 5,000 rupees ($60) should also be exempted from tax," Mazumdar-Shaw said.

Calls to government representatives over the weekend seeking comment went unanswered. The government in July exempted three cancer drugs from customs duty and slashed taxes on some of them.

There is usually a 12% tax on medication for chronic diseases, said Rajiv Singhal, general secretary of the All India Organisation of Chemists and Druggists.

"In a price-sensitive market like India, the tax is a burden on the patient. Government should not look at profitability when it comes to medicines which are not a luxury," he said.

To make cancer care more affordable in price-sensitive India, Mazumdar-Shaw said, the government must also cut import duties for high-tech instruments, input materials and consumables used to develop life-saving precision medicines.

"This will make a big difference to patients," she said. India's import tax on medical equipment is as high as 36%.

Mazumdar-Shaw's Immuneel Therapeutics startup is working on providing cell therapy.

India's pharmaceutical industry, which counts the U.S. as one of its largest markets, hopes to take advantage of expected trade tension between China and the administration of Donald Trump, who retakes the White House on Monday.

"I think the Trump administration is unlikely to take a strong anti-China stance because they realise that they are dependent on China for many things," Mazumdar-Shaw said, adding that India stands to gain as countries look to limit their reliance on China after COVID-19.

($1 = 86.5710 Indian rupees)

(Reporting by Rishika Sadam; Editing by William Mallard)

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** Shares of Biocon BION.NS rise 3.3% to 377 rupees; top gainer on Nifty Pharma Index .NIPHARM, which is up 0.44%

** HSBC Global Research upgrades bio-pharma firm's stock to "Buy" from "Reduce"; hikes PT to 430 rupees (~$5) from 290 rupees

** The brokerage says it expects operational turnaround in BION led by key biosimalars launches and recovery in generics sales

** HSBC hikes FY26 and FY27 earnings per share estimates by 21.3% and 34.8%, respectively

** Sees better market share gains for biosimilar launches and recovery in rev growth for generics segment on high-value launches

** Nine of 16 analysts covering BION have "Buy" or "Strong Buy" rating, 3 have "Hold", while 4 have "Sell" or "Strong Sell"; median PT is 372.5 rupees - LSEG data

** Stock gained 46% in 2024 vs NIPHARM's 39% jump

($1 = 86.5260 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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