Is BIOCON: A pick from Pharma Sector with Turnaround potential ?
Investment Logic:
It is a leader in Biosimilars. In the past Biocon Biologics had acquired the biosimilars business from Viatris. Now, it has successfully concluded the transition of the acquired biosimilars business from Viatris in 120 countries. Thus market share gain in biosimilars will bring healthy operating cash flow.
signed a partnership agreement with Juno Pharmaceuticals in Canada, for the commercialization of Liraglutide, used in the treatment of Type-2 diabetes and obesity.
Biocon invested 1 billion USD in the acquisition of Viatris, which led to heavy debt on the books. Management is planning to divest its non-core assets to bring down its net debt by 50%.
In the immunology segment, it has 15 products under development in the pipeline, targeting USD100 billion over the next 10 years.
It is a leader in Biosimilars. In the past Biocon Biologics had acquired the biosimilars business from Viatris. Now, it has successfully concluded the transition of the acquired biosimilars business from Viatris in 120 countries. Thus market share gain in biosimilars will bring healthy operating cash flow.
signed a partnership agreement with Juno Pharmaceuticals in Canada, for the commercialization of Liraglutide, used in the treatment of Type-2 diabetes and obesity.
Biocon invested 1 billion USD in the acquisition of Viatris, which led to heavy debt on the books. Management is planning to divest its non-core assets to bring down its net debt by 50%.
In the immunology segment, it has 15 products under development in the pipeline, targeting USD100 billion over the next 10 years.
Trade active:
took support after correction and the stock is ready for some quick moves