The rating on senior secured notes issued by Biocon Biologics Global PLC was also upgraded to ‘BB+.’
The proceeds from the ?IP will be primarily utilized to meet the cash consideration payable to Mylan Inc. (Viatris) for buying out its shareholding in Biocon Biologics Limited
The new assets expand Biocon Biologics’ already robust oncology portfolio, which now includes 17 cancer therapies
Production at Biocon Biologics’ own facilities is scheduled to begin once technology transfers and regulatory approvals are finalized
Biocon will be responsible for supplying Semaglutide to Ajanta for exclusive marketing in 23 countries and semi-exclusive marketing in 3 countries across Africa, Middle East and Central Asia
USFDA determines Sun Pharma's Baska facility inspection classification as OAI
This recognition demonstrate excellence in intellectual property (IP) value creation.
All pending litigation between Biocon Biologics, Regeneron, and Bayer will be dismissed
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