India's Biocon gains on unit getting marketing access for Yesintek therapy in US

ReutersMay 5, 2025 7:14 AM

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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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