Biocon

Biocon Limited
Company typePublic
BSE: 532523
NSE: BIOCON
ISININE376G01013
IndustryBiopharmaceutical
Founded1978 (46 years ago) (1978)
FounderKiran Mazumdar-Shaw
Headquarters
Bangalore, Karnataka
,
India
Key people
  • Kiran Mazumdar-Shaw
    (Executive Chairperson)
  • Peter Bains
    (Group CEO)
  • Siddharth Mittal
    (CEO & Managing Director)
  • Shreehas P Tambe
    (CEO & Managing Director, Biocon Biologics Limited)
Products
  • Biologics
  • Small molecules
  • Branded formulations
  • Research services
RevenueIncrease ₹15,621 crore (US$1.9 billion) (FY24)[1]
Increase ₹4,195 crore (US$500 million) (FY24)[1]
Increase ₹1,030 crore (US$120 million) (FY24)[1]
Total assetsIncrease ₹52,044 crore (US$6.2 billion) (2023)[2]
Total equityIncrease ₹22,489 crore (US$2.7 billion) (2023)[2]
Number of employees
16,545 (March 2023)[3]
Subsidiaries
  • Biocon Biologics
  • Syngene International
Websitewww.biocon.com

Biocon Limited is an Indian biopharmaceutical company based in Bengaluru, India. It was founded by Kiran Mazumdar-Shaw in 1978.[4] The company manufactures generic active pharmaceutical ingredients (APIs) that are sold in approximately 120 countries,[5] including the United States and Europe.[4] It also manufactures novel biologics as well as biosimilar insulins and antibodies, which are sold in India as branded formulations. Biocon's biosimilar products are also sold in both bulk and formulation forms in several emerging markets.[6]

Biocon's formulations for the Indian market include metabolics, oncology, immunotherapy and nephrology products. Some of Biocon's key brands in India include INSUGEN (rh-insulin), BASALOG (Glargine), BIOMAb EGFR (Nimotuzumab), BLISTO (Glimepiride + Metformin), CANMAb (Trastuzumab), Evertor (Everolimus), TACROGRAF (Tacrolimus), ALZUMAb (Itolizumab) and KRABEVA (Bevacizumab).[4]

Syngene International Limited (Syngene) is a publicly listed subsidiary of Biocon, operating in the contract research and development organization.[4]

  1. ^ a b c "Biocon Q4FY24 Revenue at Rs 3,966 Cr, EBITDA at Rs 964 Cr; Net Profit (before exceptional items) at Rs 144 Cr". Biocon. 16 May 2024. Retrieved 17 May 2024.
  2. ^ a b "Biocon Consolidated Balance Sheet, Biocon Financial Statement & Accounts". www.moneycontrol.com. Retrieved 31 July 2020.
  3. ^ "Biocon Annual Report 2017" (PDF). Biocon.
  4. ^ a b c d Cite error: The named reference ref1 was invoked but never defined (see the help page).
  5. ^ "Active Pharmaceutical Ingredient (API)". Biocon. 3 July 2020. Retrieved 26 December 2022.
  6. ^ Plum-Mörschel, Leona; Singh, Gursharan; Murugesan, Sundara Moorthi Nainar; Marwah, Ashwani; Panda, Jayanti; Loganathan, Subramanian; Athalye, Sandeep N. (2022). "Pharmacokinetic and pharmacodynamic equivalence of Biocon's biosimilar Insulin-R with the US -licensed Humulin® R formulation in healthy subjects: Results from the RHINE -1 ( Recombinant Human INsulin Equivalence-1 ) study". Diabetes, Obesity and Metabolism. 24 (4): 713–721. doi:10.1111/dom.14635. ISSN 1462-8902. PMC 9303355. PMID 34981621.