The obvious opportunity is biosimilars, says Biocon's Kiran Mazumdar-Shaw

A month ago, Biocon announced that its biosimilar insulin glargine trademarked as Semglee received marketing approval from the European Commission

Biocon, which has aggressively invested in the biologics business, grew at an impressive 47 per cent in the March quarter, with the segment accounting for over a fifth of the company's revenue. A year ago biologics contributed 17.5 per cent to the biopharmaceutical firm’s revenue. The biopharmaceutical company's profit before interest and tax grew 22 per cent to Rs 1.93 billion, aided by biologics, which turned in a profit of Rs 194 million.

For Biocon, it is really biosimilars that will push the needle going ahead. Shorn of jargon, biosimilars are biological products that are highly similar to and have