Thursday 03 Jul, 2025 04:24 PM
Site map | Locate Us | Login
   V2 Retail's revenue climbs 51% YoY in Q1 FY26    Arkade Developers surges after acquiring Goregaon-based redevelopment project    CARE Ratings reaffirms ratings of India Shelter Finance at 'CARE AA-' with 'stable'' outlook    VST Industries Ltd leads losers in 'A' group    U. Y. Fincorp Ltd leads losers in 'B' group    Bajel Projects hits the roof after securing mega order from Power Grid Corporation    Volumes soar at DCM Shriram Ltd counter    REC Ltd down for fifth straight session    Persistent Systems appoints Shimona Chadha as CMO    Nazara Technologies Ltd rises for third consecutive session    Maruti Suzuki India Ltd gains for third straight session    Biocon Ltd spurts 1.07%, gains for fifth straight session    Colgate-Palmolive (India) Ltd spurts 1.01%, gains for five straight sessions    IDFC First Bank Ltd spurts 0.36%, gains for fifth straight session    BSE SME Ace Alpha Tech cracks open the trading floor on debut 
Saravan Stocks
       
Hot Pursuit
Scrips, which has significant changes during the market hours.
Biocon's biologics arm gets regulatory approval in EU for Denosumab biosimilars
03-Jul-25   09:50 Hrs IST

Denosumab is a human monoclonal antibody that targets and binds a protein known as RANKL (Receptor Activator of Nuclear Factor Kappa-B Ligand). RANKL plays a crucial role in the formation, function, and survival of osteoclasts, which are the cells responsible for bone resorption. By blocking RANKL, denosumab effectively inhibits the breakdown of bone, leading to increased bone mass and strength.

Vevzuo is authorised for the prevention of bone complications in adults with advanced cancer involving bone and the treatment of adults and skeletally mature adolescents with giant cell tumour (GCT) of bone.

Evfraxy is authorised for the treatment of osteoporosis in men and postmenopausal women, the treatment of bone loss linked to hormone ablation in men with prostate cancer at increased risk of fractures or treatment of bone loss associated with long-term systemic glucocorticoid therapy in adults.

Clinical data showed that both Denosumab biosimilars have comparable quality, safety, and efficacy to the reference product.

The marketing authorisation follows a positive opinion issued by the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) on April 25, 2025.

Shreehas Tambe, CEO & managing director, Biocon Biologics, said: 'The approval of Vevzuo and Evfraxy in Europe underscores our strong scientific expertise and commitment to expanding patient access to essential medicines, including to new therapeutic areas such as bone health.

In the past 18 months, we have successfully secured regulatory approvals for three biosimilars in Europe and two in the UK. These Denosumab biosimilars mark another significant milestone in our rapid expansion, and support for healthcare systems in the region.'

Biocon is a global biopharma company dedicated to improving affordable access to therapies for chronic conditions like diabetes, cancer, and autoimmune diseases.

The company's consolidated net profit surged 154.2% to Rs 344.50 crore on a 12.8% jump in net sales to Rs 4,358.10 crore in Q4 FY25 over Q4 FY24.

The scrip shed 0.20% to currently trade at Rs 367.65 on the BSE.

Powered by Capital Market - Live News

   Attention Investors : Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.
   Attention Investors : Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.
   Attention Investors : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
   Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Email ID: info@ssplwealth.com       Customers grievances : grievances@ssplwealth.com     Compliance officer : Mr.R Udayakumar , compliance@ssplwealth.com,  Mobile No: 7305522205
Hit Count : 42383759
SEBI Regn.Nos : NSE/BSE-INZ000192638 | CDSL : IN-DP-262-2016
Member IDs : NSE : 11221 | BSE : 6292 | CDSL : 12045000 | MCX : 56990 | AMFI Regn.No : 2662
Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified) © Copyright 2011 All Rights Reserved. SSPL Securities Private Limited