Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, today announced the successful completion of the transition of the acquired biosimilars business in ~120 countries across Advanced and Emerging Markets, a year ahead of schedule.

Over 10 Emerging Markets along with Japan, Australia and New Zealand have transitioned in this final phase of the integration of the biosimilars business acquired from Viatris. With the completion of this significant milestone, Biocon Biologics is now a unique, fully integrated ‘lab to market’ biosimilars company committed to serving millions of patients across the globe.

Earlier in 2023, over 70 Emerging Markets were integrated in July, the North America business transitioned in September and the European business in November.

Biocon Biologics will now have a strong commercial footprint across ~120 countries with a direct presence in the United States, Canada, Europe and 9 key Emerging Market countries, namely India, UAE, Saudi Arabia, Morocco, South Africa, Brazil, Malaysia, Thailand, and the Philippines.

A direct presence in these markets will enable the Company to get closer to patients and strengthen its relationships with prescribers and payers. It will also allow Biocon Biologics to expand its patient reach and generate significant savings for healthcare systems.

Shreehas Tambe, CEO & Managing Director, Biocon Biologics Ltd, said: “I am very proud and excited that we have successfully completed the integration of the acquired business across 120 countries. The conclusion of this final wave of transition is a significant milestone and marks the beginning of Biocon Biologics’ transformation to a fully integrated global company. I congratulate and thank th entire Biocon Biologics team – colleagues, advisors, and partners. This seamless transition, achieved ahead of schedule, is an outcome of relentless focus, untiring efforts and an unwavering commitment to patients and business continuity.”

Matthew Erick, Chief Commercial Officer – Advanced Markets, Biocon Biologics Ltd, said: “We are extremely pleased to have reached this historic moment and are proud to say that biosimilars are not just what we do – they are all that we do. With the successful completion of the integration, we will be providing patients, customers, and healthcare providers in North America, Europe and JANZ a strong portfolio of biosimilars. Our deep expertise, commitment to continual investment to advance biosimilars throughout the value chain from development, manufacturing, distribution and commercialization makes us a trusted partner.”

Susheel Umesh, Chief Commercial Officer - Emerging Markets, Biocon Biologics said: “The completion of the integration marks a key milestone in Biocon Biologics’ transformational journey towards becoming a global biosimilars leader. This presents a unique opportunity for our teams to take Brand Biocon Biologics directly to many markets. This self-led business model in key Emerging Markets will take us closer to patients, MoHs, prescribers and payers. It will allow us to expand affordable access to larger patient pools in these Emerging Markets, thus enabling equitable access to high quality biosimilars.”

The company is addressing the challenge of insulin inequity in many Emerging Markets through its affordable and high-quality biosimilar insulins, where Recombinant Human Insulin and Insulin Glargine hold a dominant market share in countries like Mexico, Malaysia, Dominican Republic, Malawi, Tanzania, Mozambique etc.