Biocon shines on inaugurating integrated R&D centre in Bangalore

09 Apr 2012 Evaluate

Biocon is currently trading at Rs. 243.50, up by 1.50 points or 0.62% from its previous closing of Rs. 242.00 on the BSE.

The scrip opened at Rs. 245.00 and has touched a high and low of Rs. 247.60 and Rs. 240.50 respectively. So far 1,01,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 390.05 on 27-Apr-2011 and a 52 week low of Rs. 229.10 on 29-Mar-2012.

Last one week high and low of the scrip stood at Rs. 247.60 and Rs. 232.40 respectively. The current market cap of the company is Rs. 4,870.00 crore.

The promoters holding in the company stood at 60.91% while Institutions and Non-Institutions held 13.95% and 25.13% respectively.

Biocon, Asia's Premier Biotechnology Company has inaugurated its state of the art integrated Research & Development (R&D) centre in Bangalore. Biocon Research Center (BRC), spread across 200,000 square feet, is aimed at pursuing world class research on biologics that will address unmet medical needs.

As a biotechnology research centre with multi-disciplinary capabilities in Molecular Biology, Biologics Process Sciences, Formulation Research and Preclinical & Clinical Development, BRC is a first- of- its kind facility in South-East Asia.  The centre is also equipped with cutting edge instrumentation for extensive molecular and functional characterization of Biologics.

A team of over 300 scientists based at BRC housed in Biocon Park, will be engaged in cutting edge Biologics research.  The company aims to attract outstanding scientists from the best institutes around the world and engage with international thought leaders as well as participate in technical programs as an effective way to enable innovation through knowledge sharing.

An independent quality group at BRC will ensure compliance to Good Laboratory Practices and International regulatory guidelines for developing ‘best in class’ biologics and biosimilars.

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