Biocon likely to list key biosimilars business by March 2026

Published On 2025-02-01 09:00 GMT   |   Update On 2025-02-01 09:00 GMT

Hyderabad: Biopharma major Biocon plans to introduce five new biosimilars in the United States in the new fiscal year, starting in April and is likely to list its key biosimilars business by March 2026,  Biocon Biologics CEO Shreehas Tambe said. 

Tambe revealed the company’s ambitious roadmap, which includes capturing a double-digit share in the U.S. market for its new product launches. 

Biosimilars are similar and relatively affordable versions of high-priced and complex biologics drugs used to treat illnesses such as cancer and autoimmune diseases.
"We needed to be in charge and control of the business (before taking the company public). I think we're pretty much there... We should be looking at the next 12-15 months to this fiscal, which is March 2026 (for listing)," Tambe told 
Reuters.
Read also: Biocon, Zentiva gets Decentralized Procedure approval for generic diabetes, weight management drug in EU
The company, which has been pushing its IPO plans for the past year, has been waiting to complete the integration of its acquired biosimilars firm Viatris and refinance debt before it goes public.
The new U.S. launches, in addition to four existing biosimilars, will focus on therapy areas including diabetes, oncology and immunotherapy.
The company's existing biisimilars have a 20% market share, Tambe said. 
Read also: USFDA approves Biocon Biologics Yesintek for Crohn's disease, Ulcerative Colitis, Plaque Psoriasis, Psoriatic Arthritis
The U.S. contributes about 40% in revenue to Biocon Biologics, followed by 35% from Europe where the company plans to launch three new biosimilars in the next 18 months. 
The firm hopes to benefit from U.S. President Donald Trump's stand on healthcare affordability, Tambe said. 
"..there is a bipartisan view on on bringing affordability to healthcare and I think biosimilars have a big role to play in this," he said. 
Read also: Biocon Chief Kiran Mazumdar-Shaw conferred Jamsetji Tata Award by Indian Society for Quality
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Article Source : Reuters

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