Break-even or marginal loss for Biocon Malaysia next year

Biocon Ltd, India’s leading biopharmaceutical firm will likely see its biosimilars business take off in the US and the European Union in the next three years, enabling it to reach the guided $1-billion revenue mark by 2018-19. Its application for breast cancer biosimilar trastuzumab was recently accepted by the US Food and Drug Administration (FDA) for review and applications for three biosimilars have been accepted by the European Medicines Agency.