Biocon Limited launches its Glucagon-like Peptide-1, Liraglutide, in the Netherlands

Biocon Limited (BSE code: 532523, NSE: BIOCON), an innovation-led global biopharmaceutical company, today announced the launch of its GLP-1 peptide, Liraglutide, for diabetes (gVictoza®) and obesity (gSaxenda®), in the Netherlands through its distribution partner Pharmamedic B.V. The drug-device combination will be marketed in the Netherlands under the brand names Diavorin® for diabetes and Vobexoryn® for chronic weight management.

The launch follows the approval from the Medicines Evaluation Board (MEB), Netherlands, earlier this year and will mark the first country in the European Union where the Company will directly launch Liraglutide under its own brand.

Siddharth Mittal, Chief Executive Officer and Managing Director, Biocon Limited, said, "The launch of Liraglutide in the Netherlands marks a significant milestone in expanding Biocon's GLP-1 portfolio across key global markets, and reinforces the strategic importance of peptide-based therapies within our portfolio. With our vertically integrated, end-to-end capabilities, we are uniquely positioned to deliver high-quality, affordable metabolic treatments at scale. Launching Diavorin® and Vobexoryn® under our own brand in Europe reflects not only our scientific and manufacturing excellence, but also our long-standing commitment to broadening access to advanced therapies for diabetes and obesity. It is also another step forward in Biocon's mission to better serve millions of patients and support more sustainable healthcare systems across regions."

Shares of Biocon Limited was last trading in BSE at Rs. 390.55 as compared to the previous close of Rs. 386.65. The total number of shares traded during the day was 68208 in over 1966 trades.

The stock hit an intraday high of Rs. 391.60 and intraday low of 383.70. The net turnover during the day was Rs. 26401052.00.

Source : Equity Bulls

Keywords

Biocon INE376G01013 Biotechnology GLP1 Peptide Liraglutide Netherlands