Biocon Stays Upbeat On Oral Insulin Plans
India's largest biopharmaceutical company, Biocon, on May 17 sought to quell any confusion over its oral insulin program, underscoring that it stays confident of the molecule's prospects and is committed to taking it to the next stage of clinical development after the exit of partner Bristol-Myers Squibb (BMS).
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Biocon has entered into an agreement with Bristol-Myers Squibb, under which the US multinational holds an exclusive option to further develop and commercialize the Indian firm's prandial oral insulin candidate, IN-105, pending the outcome of certain clinical trials.