Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 05 2018

Biocon in pink of health after EU GMP certification

Biocon has received the EU GMP certification for its sterile drug product manufacturing facility in Bangalore, which was inspected by the European agencies in March 2018.

Biocon rose 1.1% to Rs 635.10 at 9:39 IST on BSE after the company announced that it has received the EU GMP certification for its sterile drug product manufacturing facility in Bangalore.

The announcement was made after market hours yesterday, 4 July 2018.

Meanwhile, the S&P BSE Sensex was down 15.03 points, or 0.04% to 35,630.37

On the BSE, 33,000 shares were traded in the counter so far compared with average daily volumes of 1.34 lakh shares in the past two weeks. The stock had hit a high of Rs 639.30 and a low of Rs 631.35 so far during the day. The stock hit a record high of Rs 695 on 5 June 2018. The stock hit a 52-week low of Rs 305 on 10 July 2017.

Biocon has received the EU GMP certification for its sterile drug product manufacturing facility in Bangalore, which was inspected by the European agencies in March 2018. This facility is used for the manufacture of Biocon's portfolio of biosimilars.

On a consolidated basis, net profit of Biocon rose 21.44% to Rs 139.90 crore on 26.39% rise in net sales to Rs 1169.50 crore in Q4 March 2018 over Q4 March 2017.

Biocon is India's largest and fully-integrated, innovation-led biopharmaceutical company.

Comment
image
Related opportunities
  • About Us: Join hands with Iris Florets - the happy play..
    Locations looking for expansion Telangana
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
  • Building decoration products
     About Us: We are one of the leading players in the..
    Locations looking for expansion Karnataka
    Establishment year 2004
    Franchising Launch Date 2018
    Investment size
    Space required 360
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Bangalore Karnataka
  • Kitchen's Heaven was founded by Mr. Savan Kotecha in 2014,..
    Locations looking for expansion Gujarat
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Sweetshop
    About Us: KB Foods Mumbai’s Leading Brand Of Traditional Indian Sweets & Savouries 2..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities