Biocon expands generic formulations portfolio with the launch of Tacrolimus capsules in the US

Biocon Ltd (BSE code: 532523, NSE: BIOCON), an innovation-led global biopharmaceuticals company, today announced the launch of Tacrolimus capsules in the US.

Tacrolimus, a calcineurin inhibitor, is an immunosuppressant used in the treatment of organ transplant patients, which reduces the body's ability to reject a transplanted organ. It has been particularly effective in treating patients of renal transplant for more than two decades.

The launch of Tacrolimus capsules, following an approval from the US FDA in November 2020, underscores Biocon's relentless pursuit of its mission to make affordable healthcare accessible.

Siddharth Mittal, Chief Executive Officer and Managing Director, Biocon Ltd, said: "The launch of Tacrolimus capsules in the US is another milestone for Biocon that reflects our commitment to continually evaluate and expand our portfolio of complex products to serve patients."

Shares of BIOCON LTD. was last trading in BSE at Rs.465.35 as compared to the previous close of Rs. 481.8. The total number of shares traded during the day was 332576 in over 6201 trades.

The stock hit an intraday high of Rs. 477.15 and intraday low of 463.05. The net turnover during the day was Rs. 155949974.

Source : Equity Bulls

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