Apr 05, 2012, 10.58 PM IST | Source: CNBC-TV18

Biocon expands its R&D facility in Bangalore

Bio-pharma major Biocon on expansion mode.

Kiran Mazumdar-Shaw, CMD, Biocon

Bio-pharma major Biocon is on an expansion mode. The biotech major plans to invest close to Rs 100 crore on its new research and development center located in Bangalore, with a window for future investments going up to Rs 200 crore in next few years.

Biocon is banking on a strong research pipeline. The company's focus on oral insulin will continue.
 
Kiran Mazumdar-Shaw, chairman and managing director, Biocon
says, the big change in our strategy would be that from having one global partner which was Pfizer, we'll have multiple partners.

Biocon stock price

On April 17, 2014, Biocon closed at Rs 454.35, down Rs 1.4, or 0.31 percent. The 52-week high of the share was Rs 497.40 and the 52-week low was Rs 264.45.


The company's trailing 12-month (TTM) EPS was at Rs 14.01 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 32.43. The latest book value of the company is Rs 110.34 per share. At current value, the price-to-book value of the company is 4.12.

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