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Biocon Biologics inducts Professor Peter Piot as Independent Director

Professor Piot has been appointed to the board of Biocon Biologics Limited for a period of three years starting January 21, 2021
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Biocon posts 19% dip in Q3 net profit as generics biz takes a hit

Biopharmaceutical major Biocon Ltd has posted a nearly 19 per cent dip on a year-on-year (YoY) basis in its consolidated net profit at Rs 186.6 crore for the third quarter of FY21, owing to its generics business taking a hit along with headwinds across operational, regulatory and commercial functions.
The third quarter of the last financial year had seen the Bengaluru-headquartered company post a net profit of Rs 230.3 crore. Biocon s consolidated revenue for Q3 of FY21 increased by 7.20 per cent at Rs 1878.9 crore as against Rs 1752.6 crore for the said quarter last year.
The company s consolidated revenue growth came on the back of a 13 per cent rise in research services and 11 per cent in biosimilar business segments on a YoY basis, along with core earnings before interest, tax, depreciation and amortization (EBITDA) margins of 31 per cent, said Biocon s executive chairperson Kiran Mazumdar-Shaw. ....

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Biocon Biologics appoints director

With effect from 21 January 2021Biocon Biologics, a subsidiary of 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.
Professor Piot has been appointed to the board of Biocon Biologics Limited for a period of three years starting 21 January 2021.
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