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Biocon Biologics Wins the 'ABEA : Bioprocessing Excellence in South Asia' Award

Posted On : 2023-03-28 13:55:02( TIMEZONE : IST )

Biocon Biologics Wins the 'ABEA : Bioprocessing Excellence in South Asia' Award

Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, today announced that it has won the prestigious 'Bioprocessing Excellence in South Asia' Award at the Asia-Pacific Bioprocessing Excellence Awards (ABEA) 2023 held in Singapore earlier this month.

Biocon Biologics is a frontrunner in the global biosimilars industry and is committed to scientific innovation, the highest standards of quality compliance and global scale manufacturing capabilities to serve patients and healthcare systems across the globe.

Commenting on the development, Kiran Kumar Gandhirajan, Site Head, Biocon Malaysia, said, "We are delighted and proud to receive the 'Bioprocessing Excellence in South Asia' Award. It is a recognition of our longstanding expertise in process sciences, state-of-the-art manufacturing capabilities, operational excellence and high standards of quality compliance. These strengths have enabled us to expand patient access to high quality affordable biosimilars and make a meaningful difference to global healthcare."

Biocon Biologics was recognized asthe winner as it garnered the maximum number of votes from among 70,000 biopharma professionals who participated in the survey. The annual Asia-Pacific Bioprocessing Excellence Awards organized by IMAPAC, recognize organizations who demonstrate exceptional bioprocessing expertise and the use of best-in-class technologies and practices to achieve biomanufacturing excellence in terms of speed, reduced cost, and superior quality.

Biocon Biologics has developed multiple technology platforms that use various expression systems such as bacteria, yeast, and mammalian cells.

The Pichia Pastoris platform technology used to express recombinant proteins is a proprietary technology developed by Biocon and used for its recombinant human insulin and insulin analog products. Similarly, the company's scalable mammalian CHO and NSO cell-based expression platforms and robust process science expertise allow it to develop and manufacture both novel and biosimilar monoclonal antibodies for global markets.

Shares of Biocon Limited was last trading in BSE at Rs. 206.40 as compared to the previous close of Rs. 198.80. The total number of shares traded during the day was 526871 in over 7211 trades.

The stock hit an intraday high of Rs. 207.95 and intraday low of 198.80. The net turnover during the day was Rs. 108080677.00.

Source : Equity Bulls


Biocon INE376G01013 BioconBiologics Award BioprocessingExcellenceAwards2023 AsiaPacific