Leading Global Biopharmaceutical Company Enabling Affordable Access
Biocon Limited is an innovation-led, global biopharmaceuticals company that develops and commercializes novel biologics, biosimilars, and complex generic APIs & formulations in India and several key global markets including the US and Europe. The company is committed to enhancing affordable access to complex therapies for chronic conditions like diabetes, oncology and immunology.
Biocon Biologics Limited, a subsidiary of Biocon Limited, is uniquely positioned as a fully integrated ‘pure play’ biosimilars organization in the world. The company is leveraging cutting-edge science, innovative tech platforms and advanced research & development capabilities to lower treatment costs while improving healthcare outcomes. Five molecules from Biocon Biologics’ biosimilars portfolio have been taken from lab to market, of which three have been commercialized in developed markets like United States, EU, Australia, Canada and Japan. The company is committed to impact millions of patients across the globe. It has a platform of 28 biosimilar molecules across diabetes, oncology, immunology, dermatology, ophthalmology, neurology, rheumatology and inflammatory diseases. With a multi-cultural team of over 4,500 people, Biocon Biologics aspires to transform healthcare through affordable innovative solutions as well as impact 5 million patients’ lives by FY 22.
UAE-Based, State-of-the-Art Manufacturer
Pharmax specializes in manufacturing and packaging branded generic products, mainly of small molecule and oral solid dosage (OSD) pharmaceuticals across a wide range of therapeutic areas such as cardiology, diabetes, gastroenterology and neurology. Pharmax has batch release approvals for various other dosage forms such as injectables, inhalers, topical and liquid orals. Launched in April 2020, the company’s state-of-the-art facility has a total area of more than 110,000 sq. ft. with installed production capacity of more than 250 million tablets and 85 million capsules annually. Pharmax received its first GMP approval from the UAE Ministry of Health and Prevention in 2019, and is one of only a few facilities in the UAE that has been approved by the European Union Good Manufacturing Practices (EU GMP).
Both transactions are subject to customary closing conditions, including regulatory approvals.