Biocon's stock rises after US FDA clears its Malaysia insulin facility, boosting biosimilar prospects.

Biocon Ltd's stock jumped 5% after the USFDA cleared its Malaysia insulin facility, classifying it as "Voluntary Action Indicated" (VAI). This clearance, following a previous regulatory hurdle, allows the company to file products from the facility. Analysts predict increased confidence in Biocon's biosimilar launch pipeline, with expected annual revenue growth to $1.2 billion in 2025. Recent USFDA approvals and upcoming product launches are key factors for the company's growth.

2 months ago
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