Technology helps us in building diversified portfolio, thus creating wealth.
How is Biocon using technology to stay ahead of the curve?
Since its inception, Biocon has been leveraging technology to stay ahead of the curve. We entered the biopharma space at a time when the prevailing business ethos favoured low-risk ventures based on generic drugs and pharma services. As a pioneering and innovation-led biopharma enterprise, Biocon was among the first entities in India to invest in developing recombinant DNA and bio-processing technologies that could deliver innovative and affordable biologics. Biologics such as insulins and monoclonal antibodies are a class of highly effective transformational life-saving drugs, targeted at chronic diseases like diabetes and cancer. Today, 7 out of the 10 top selling drugs globally are biologics. At Biocon, we have built technological capabilities and expertise to develop a rich portfolio of novel biologics and biosimilars, or follow-on versions of original biologics, with economical scalability and high productivity, coupled with high quality. We have also set up state-of-the-art, world class manufacturing facilities that provide us with a global scale for producing these cutting-edge therapies. We were, thus, the first to provide the benefits of high quality affordable alternatives to reference biologics for patients in India and other emerging markets. Biocon is now the fourth largest insulin producer in the world.
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