Biocon - Pandemic Times: Centrum Broking 
Signage for Biocon Ltd. is displayed at the company’s campus in Bengaluru, India. (Photographer: Dhiraj Singh/Bloomberg)

Biocon - Pandemic Times: Centrum Broking 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Centrum Broking Report

Biocon Ltd. Q3 FY21 earnings were below Centrum Broking estimates.

The key challenges to growth have been observed amid the pandemic environment impacted by market share gain for existing products along with product switch.

Also, Insulin glargine delays in tender awards (formulary contracts) may push ramp-up to CY22.

The MoW scale-up also impacted amid the Covid-19 environment.

The new product approvals like bBevacizumab, Insulin-Aspart and RH insulin anticipated to be delayed as on-site inspections by U.S. Food and Drug Administration still deferred.

Click on the attachment to read the full report:

Centrum Broking Biocon Q3FY21 Results Update.pdf

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