Biocon is World’s Top 20 Biotechnology Company : Med Ad News

Biocon, India’s pioneering biotechnology enterprise, announced today that the company has been featured amongst the top 25 global biotechnology companies according to a report released by Med Ad News. The report takes into consideration drug based firms, as these companies provide the best numbers to track the progress of the sector. Companies have been ranked by revenue and by income and Biocon Limited is the only Asian company to feature in this ranking at Number 20.

BIO 2008, held in San Diego last month, stated that the global biotechnology industry will be a $100 billion annual business by 2010. The actual revenue has reached $85 billion in 2007. There are close to 5000 biotech companies across the globe. The top 25 biotech companies represent 62 percent of all biotech sales and probably over 90 percent of income.

Reacting to the listing, Ms. Kiran Mazumdar-Shaw, Chairman and Managing Director, Biocon Limited said, “It is a matter of immense pride for Biocon to be ranked amongst the top global league of Biotech companies. This is a validation of our consistent effort at attaining global leadership and also highlights the true potential of this sector in a country like India. This industry will be a key driver in India’s progress towards economic development.”

Nineteen of the top 25 companies are based in the U.S., while six companies hail from Europe to India to Australia.

About Biocon Limited:

Biocon Limited is India’s pioneer biotechnology enterprise established in 1978. Biocon and its two subsidiaries, Syngene and Clinigene form a fully integrated biotechnology enterprise, with specialized focus on biopharmaceuticals, contract research and clinical research. Strategic international acquisitions, such as acquiring a majority in the German pharmaceutical company, AxiCorp, have given Biocon wider global access and greater market penetration. Many of our products have USFDA and EMEA acceptance.

Biocon’s proprietary technologies have been used effectively in diabetology, oncology, cardiology, nephrology and other therapeutic treatments. The company’s robust drug discovery pipeline offers novel therapies on a platform of affordable innovation. Biocon launched the world's first recombinant human insulin, INSUGEN® in November 2004 using Pichia expression and India's first indigenously produced monoclonal antibody BIOMAb-EGFR™ in September 2006. Visit us at www.biocon.com

To view the Leading Biotech Company 2007 table, please click on the link given below:

Leading Biotech Companies 2007 - By Revenue and Income