Biocon to launch new drug in July-Sept quarter

Written By Unknown on Jumat, 25 Januari 2013 | 15.45

Biocon , India's top listed biotech firm, plans to launch psoriasis drug Alzumab in the country in the July-September quarter, a top company executive said on Friday.

The company expects sales of 1 billion rupees from the drug over four years, Kiran Mazumdar-Shaw, chairman, Biocon said in a conference call.

Short Biocon, says Sukhani

Late on Thursday, Biocon reported an 8.24 percent rise in net profit to Rs 92 crore for the Oct-Dec quarter compared with a year earlier.



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