Indian Drugmakers Prepare For Keytruda Biosimilar Competition After Patent Expiration; Keytruda's Global Sales Projected At $31.7 Billion By 2025 6 days ago
Indian pharmaceutical companies Biocon, Zydus, and Dr Reddy's are preparing to enter the biosimilar market for Keytruda (pembrolizumab) following its patent expiration. Keytruda's global sales are projected at $31.7 billion by 2025, representing a major commercial opportunity for biosimilar developers. The move reflects a strategic push by Indian pharma players into the high-value oncology biologics segment, where competition is expected to intensify as multiple companies pursue biosimilar development programs for the blockbuster cancer immunotherapy drug.
Biocon Records Rs. 17.37 Crore Block Trade on NSE at Rs. 431.95 Per Share
Biocon recorded a block trade on the NSE involving approximately 402,121 shares at Rs. 431.95 per share. The total value of the transaction amounted to Rs. 17.37 crores. Block trades of this scale are typically associated with institutional-level participation and are executed to minimize market impact.
Biocon Approves Preferential Allotment to Consolidate Stake in Biocon Biologics
Biocon has approved the acquisition of approximately 2% stake in Biocon Biologics from employees and other shareholders via a preferential allotment. The company will issue up to 87.9 lakh shares at ₹376.16 each, aggregating to approximately ₹330.7 crore. The transaction is subject to requisite approvals and is intended to consolidate Biocon's ownership in its subsidiary Biocon Biologics.
05May 26
Kiran Mazumdar-Shaw Names Niece Claire Mazumdaar as Her Successor at Biocon
Biocon founder Kiran Mazumdar-Shaw has named her niece Claire Mazumdaar as her successor, as reported by Reuters citing Fortune India. The announcement signals a planned leadership transition at the biopharmaceutical company. No further specifics regarding the timeline or scope of the transition were available in the source data.
05May 26
Biocon Anticipates Margin Pressure for Insulin Glargine
Biocon has signaled anticipated margin pressure for its Insulin Glargine product, as reported by NDTV. The disclosure highlights potential challenges in the profitability of this biosimilar within the company's portfolio. No specific financial figures or timeframes were included in the available source information.
HSBC Maintains Buy Rating on Biocon with ₹425 Target Price on Strong Growth Foundation
HSBC has reaffirmed its Buy rating on Biocon with a target price of ₹425, highlighting the company's strengthened foundation through debt reduction and corporate simplification. The investment bank identifies execution of new biosimilar launches, improving profitability metrics, enhanced cash flow generation, and market share gains in biosimilars as key growth catalysts for the biotechnology company.
Biocon Ltd Records ₹47.97 Crore Block Trade on NSE at ₹349.00 Per Share
Biocon Ltd witnessed significant institutional trading activity with a block trade worth ₹47.97 crores on NSE. The transaction involved approximately 1,374,453 shares priced at ₹349.00 per share, reflecting routine institutional portfolio adjustments and demonstrating strong liquidity in the company's stock.