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Biocon reports 13% profit rise, files biosimilar Herceptin in India

This article was originally published in Scrip

Executive Summary

India's largest biotechnology firm, Biocon, has reported a 13% increase in net profit to INR1.02bn ($16.6m) for the second quarter ended 30 September, backed by steady growth in its mainstay biopharmaceutical business and a strong showing for its research services unit. Revenues increased by 17% to INR7.53bn.

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