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Biocon Biologics announces Key Leadership Appointments

Posted On : 2023-08-04 22:40:55( TIMEZONE : IST )

Biocon Biologics announces Key Leadership Appointments

Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd (BSE code: 532523, NSE: BIOCON), today announced several key leadership appointments which will play an important role in transforming the organization and realizing the Company's ambition of building a global biosimilars leader.

Rhonda Duffy has been appointed Chief Operating Officer (COO) and will lead Manufacturing, Quality and Supply Chain Management. She brings over 30-years of experience in the global pharmaceuticals industry.

Dr. Sandeep Athalye who has been with Biocon Biologics for over 6 years as its Chief Medical Officer has been elevated to Chief Development Officer to head CMC, Clinical Development and Medical and Regulatory Affairs.

David Gibson joins the Company from GlaxoSmithKline (GSK) to lead all licensing, strategic partnering and business development activities as its Global Head - Business Development.

Stephanie Wasco joins as Head of Communications - Advanced Markets to lead Corporate and Marketing Communications and Product Branding in Advanced Markets such as the US and Europe.

In addition to the above key leadership appointments, the Company has on-boarded global leadership talent across several functions including Manufacturing Science and Technology (MSAT), Clinical Development, Finance, HR, Legal and Compliance.

Shreehas Tambe, CEO & Managing Director, Biocon Biologics said: "These new additions to the leadership team bring rich, global experience which will help prepare the organization for the future and ensure a seamless integration of the recently acquired global biosimilars business from Viatris. In doing so, it will allow us to enhance performance, reliability and sustainability while delivering on our commitment of bringing high-quality affordable biosimilars to millions of patients across the globe."

Shares of Biocon Limited was last trading in BSE at Rs. 253.55 as compared to the previous close of Rs. 254.55. The total number of shares traded during the day was 92758 in over 2411 trades.

The stock hit an intraday high of Rs. 258.00 and intraday low of 252.90. The net turnover during the day was Rs. 23633029.00.

Source : Equity Bulls


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