Mazumdar-Shaw, Chairman & Managing Director of Biocon, recently stated that Biocon is developing a portfolio of 10 biosimilars, and will continue to invest 12-15% of its revenue in research and development. According to Ms. Mazumdar-Shaw, Biocon’s biosimilars span insulin, monoclonal antibodies, and other recombinant proteins for markets in India and abroad. For instance, Biocon and Mylan’s aBLA for a biosimilar to trastuzumab was accepted by the FDA earlier this year.
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