Biocon: Fresh biosimilar opportunities to give a boost to its US prospects

The insulin patent win and filing of another oncology biosimilar in the US to drive earnings

Biocon, which remains in news on developments regarding biosimilars, also received an EIR for its small molecules’ active pharmaceutical ingredients (API) plant on Friday. EIR is an establishment inspection report, which is given by US FDA upon closure of its inspection. The clearance of Biocon’s plant by the FDA, while reducing regulatory overhang also means that growth in small molecules business will sustain.

However, the Street interest is more on the progress and success in Biosimilars. While the company along with its partner won a patent ligation asserted by Sanofi for insulin Glargine device patent in the US last week, it