Bengaluru: Biocon Biologics Limited has announced that the Government of Malaysia
has agreed to extend the current contract period of 36 months under the existing insulin
supply agreement with its subsidiary in Malaysia, Biocon Sdn. Bhd., and Duopharma
Marketing Sdn. Bhd. (DMktg), for an additional six months effective from April 29,
2025 until October 28, 2025.Biocon Biologics has been the partner of choice for the Ministry of Health for its insulins
requirement and has been serving patients in Malaysia for nearly 10 years. The company
manufactures a range of recombinant human insulin products at its state- of- the- art
facility in Johor, Malaysia. These insulin products are distributed in Malaysia through its
commercial partner DMktg.Read also: Priyadarshini Mahapatra to exit Syngene International as Head Legal, Company Secretary & Compliance OfficerThe company was awarded the insulins supply contract for
a three-year period in 2022 through April 2025.
The amendment to the contract will be formalised through the execution of a formal
supplementary agreement between the MoH, DMktg and Biocon subsequently. Read also: Biocon Biologics commercial partner launches psoriatic arthritis injection in JapanBiocon Biologics is a global player in biosimilars and insulin production and has achieved many “firsts” in the industry including the first to receive approval of a trastuzumab in the United States, OGIVRI (Trastuzumab-dkst), as well as FULPHILA (Pegfilgrastim-jmdb) and the first U.S. approval of an interchangeable biosimilar for SEMGLEE (insulin glargine). Biocon Biologics has a comprehensive portfolio of in-market and in-development biosimilar products across multiple therapies, including seven approved biosimilars in the United States and six in Canada, with a development pipeline of 20 biosimilar assets, including insulins and monoclonal antibodies spanning multiple therapy areas.Its parent company, Biocon Limited, publicly listed in 2004, is a global biopharmaceutical company. It has developed and commercialized novel biologics, biosimilars and complex small molecule APIs in India and several key global markets, as well as generic formulations in the US and Europe.Read also: Biocon Biologics receives EMA Committee positive opinions for Biosimilar Denosumab for bone health