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COVID-19 Dents Biocon Ahead Of Insulin Opportunity

Pandemic-Related R&D Underway, UAE JV Wound Up

Executive Summary

Biocon’s fourth-quarter earnings were impacted by pandemic-related disruptions, especially its biologics arm, but the Indian firm anticipates a “good recovery.” All eyes will be on the anticipated US launch of biosimilar insulin glargine and its interchangeability status, while the company remains confident of delivering a $1bn FY2022 revenue target for biologics.

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