Biocon Biologics Receives MHRA, UK Approval for YESAFILI®, Biosimilar Aflibercept

Biocon Biologics Limited (BBL), a subsidiary of Biocon Ltd. (BSE code: 532523, NSE: BIOCON), has announced that MHRA, Medicines and Healthcare products Regulatory Agency in the UK, has granted marketing authorization for YESAFILI®, a biosimilar of Aflibercept.

In September, YESAFILI®, received marketing authorization approval from the European Commission (EC) for the European Union (EU).

YESAFILI®, an ophthalmology product, is intended for the treatment of neovascular (wet AMD) age-related macular degeneration, visual impairment due to macular oedema secondary to retinal vein occlusion (branch RVO or central RVO), visual impairment due to diabetic macular oedema (DME) and visual impairment due to myopic choroidal neovascularisation (myopic CNV). It is highly similar to the reference product Eylea® (aflibercept). Data shows that YESAFILI® has comparable quality, safety, and efficacy to Eylea®.

"We are very pleased to receive the MHRA approval for YESAFILI®, biosimilar Aflibercept, which will enable us to address the needs of patients impacted by macular degeneration and diabetic retinopathy, in the UK. This approval will expand our biosimilar offerings to patients across the globe, building on our oncology and diabetes product portfolios." – Company Spokesperson

Aflibercept brand sales in UK were USD 790 million (MAT June 2023, IQVIA LC$*).

YESAFILI® is a registered trademark of a BBL company.

Shares of Biocon Limited was last trading in BSE at Rs. 227.35 as compared to the previous close of Rs. 234.80. The total number of shares traded during the day was 364387 in over 6262 trades.

The stock hit an intraday high of Rs. 231.80 and intraday low of 224.40. The net turnover during the day was Rs. 82664496.00.

Source : Equity Bulls

Keywords

Biocon INE376G01013 BIOCONBiologics Biotechnology UKMHRA Approval