Earlier in 2023, the integration process included over 70 emerging markets in July, the North America business in September, and the European business in November
Viatris has also sold its OTC (over- the- counter) business in Europe and commercialisation rights in a few non-core markets as part of a global divestiture drive to pare debt.
In the Apr-Jun quarter of the fiscal year, Biocon’s biosimilar division emerged as the driving force behind its top-line expansion
The medicine is indicated for the treatment of HIV-1 infection in pediatric patients aged at least 3 months weighing at least 6 kg to less than 25 kgs
Biocon Chairman sees biologics business hitting Rs 2,000 crore in the fourth quarter; says there's a need to build robust regulatory system to curb instances of adulteration of drugs by Indian pharma firms.
Biosimilars are clearly the answer to some of the challenges before global healthcare agencies, says Shreehas Tambe.
In February this year, Biocon Biologics inked a pact to acquire Viatris Inc's biosimilars business for consideration of up to USD 3.33 billion (about Rs 24,990 crore).
Apart from the near-term financial impact of the debt, investors need to watch out for the scale-up of the biosimilars business in the US and global markets
Biocon Biologics and Viatris Inc have launched Semglee (insulin glargine-yfgn) injection, a branded product, and Insulin Glargine (insulin glargine-yfgn) injection, an unbranded product, to help control high blood sugar in adult and pediatric patients with type 1 diabetes and adults with type 2 diabetes.
The nod came following the positive recommendation by the Committee for Medicinal Products for Human Use of the European Medicines Agency, it said.