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Celebrating Peter Piot's leadership as he retires as Director of LSHTM

Celebrating Peter Piot's leadership as he retires as Director of LSHTM
lshtm.ac.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lshtm.ac.uk Daily Mail and Mail on Sunday newspapers.

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Biocon Q3 net profit falls 17% to Rs 169 crore, revenue up 7%

Biocon Q3 net profit falls 17% to Rs 169 crore, revenue up 7%
The biosimilars and research services segment posted 11 per cent and 13 per cent growth, respectively, in their income during the quarter, while the generics business recorded a 3 per cent decline
BusinessToday.In | January 22, 2021 | Updated 17:39 IST
Biocon Executive Chairperson Kiran Mazumdar-Shaw
Biocon Ltd on Thursday reported a 17 per cent decline in consolidated net profit for October-December quarter of the ongoing financial year at Rs 169 crore. The company had posted a net profit of Rs 203 crore in the year-ago quarter.
However, its revenue rose 7 per cent to Rs 1,879 crore during the quarter ended December, led by double-digit growth in research services and biosimilars business segments. ....

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Arun Chandavarkar named Biocon Biologics MD - The Hindu BusinessLine

Arun Chandavarkar named Biocon Biologics MD
January 22, 2021
Prof Peter Piot joins Biocon Biologics board
Dr Christiane Hamacher has stepped down as the Managing Director of Biocon Biologics Ltd, a subsidiary of Biocon Ltd. She has been replaced with Biocon veteran Dr Arun Chandavarkar.
Dr Hamacher ceased to be a member of the Board of Directors of Biocon Biologics Ltd, effective January 20, 2021. “This decision was taken due to professional differences with the Chairperson on strategic priorities and vision for the company,” the company said in a regulatory filing to the exchanges.
Pursuant to this development, Dr Arun Chandavarkar, member of the board of Biocon Biologics Ltd will take over the mantle of Managing Director, effective January 21, 2021, for a period of up to two years, and Kiran Mazumdar Shaw will be the Executive Chairperson of Biocon Biologics Ltd effective January 21, 2021 until March 31, 2022. ....

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Biocon slumps after Q3 PAT drops 17% YoY

Biocon tumbled 8.85% to Rs 402.85 after the company s consolidated net profit fell 16.9% to Rs 169 crore on 8% rise in revenue from operations to Rs 1,851 crore in Q3 FY21 over Q3 FY20.Profit before tax in Q3 FY21 stood at Rs 236 crore, down by 26% from Rs 318 crore in Q3 FY20. Tax expense during the quarter decreased by 22% year-on-year (YoY) to Rs 49 crore.
EBITDA declined by 11% to Rs 427 crore in Q3 December 2020 from Rs 480 crore in Q3 December 2019. EBITDA margins was at 23% as on 31 December 2020 as against 27% as on 31 December 2019.
Revenue from Generics was Rs 561 crore (down 3% YoY), revenue from Biosimilars was Rs 769 crore (up 11% YoY) and revenue from Research services was Rs 585 crore (up 13% YoY). ....

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Professor Peter Piot Joins the Board of Biocon Biologics Limited as an Independent Director

Professor Peter Piot Joins the Board of Biocon Biologics Limited as an Independent Director
Posted On:
2021-01-21 01:36:22
(Time Zone: Arizona, USA)
Biocon Biologics Ltd., a fully integrated pure play biosimilars company and a subsidiary of Biocon Ltd. (BSE code: 532523, NSE: BIOCON), announced today that it has inducted Professor Peter Piot to its Board as an Independent Director. Professor Piot, MD, PhD is the Director of the London School of Hygiene & Tropical Medicine and the Handa Professor of Global Health.
Ms Kiran Mazumdar-Shaw, Executive Chairperson, Biocon, said: I welcome Professor Peter Piot to the Biocon Biologics board. He brings years of scientific expertise, long experience in public health interventions and policy framing on major health issues. His thought leadership and invaluable experience in global healthcare will greatly guide our actions in building Biocon Biologics into an innovative global leader in biosimilars committed to del ....

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