India's Biocon gains on unit getting marketing access for Yesintek therapy in US
ReutersMay 5, 2025 7:14 AM
Biocon BION.NS climbs 4.4% to 332.80 rupees
Drugmaker's unit Biocon Biologics gets marketing access for its immunotherapy drug Yesintek - Biocon's biosimilar for Janssen Biotech's Stelara - in the U.S.
The therapy, chemically called ustekinumab, is used for treating patients with chronic plaque psoriasis
Stock rated "buy" on avg; median PT is 400 rupees, per data compiled by LSEG
Session's gains trim BION's YTD losses to 8.9%
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