PRODUCTS AND SERVICES Kiran Mazumdar Shaw, the founder of Biocon, firmly believes that India should.

PRODUCTS AND SERVICES

Kiran Mazumdar Shaw, the founder of Biocon, firmly believes
that India should make full use of her intellectual capital with a view rising
high in the value chain in a manner totally different from the Western model,
which did not take into account the affordability of medicines to the patients.
Besides, India needs to leverage its affordable cost base to deliver
high-value innovation to global markets by building excellence across the
innovation chain, from discovery to product and clinical development. 3
This is the policy perspective that trigged the growth of

PRODUCTS AND SERVICES

Kiran Mazumdar Shaw, the founder of Biocon, firmly believes
that India should make full use of her intellectual capital with a view rising
high in the value chain in a manner totally different from the Western model,
which did not take into account the affordability of medicines to the patients.
Besides, India needs to leverage its affordable cost base to deliver
high-value innovation to global markets by building excellence across the
innovation chain, from discovery to product and clinical development. 3
This is the policy perspective that trigged the growth of Biocon over the past
three decades. According to Sandeep Rao, General Manager, Business Development,
Biocons impressive range of products and partnered services continue to build
a robust pipeline of bio similar and discovery-led biological programs in
oncology, nephrology, diabetes and autoimmune diseases. 4

Since the enzyme business of Biocon declined, Mazumdar Shaw
announced on 18 June 2007 that the company decided to sell the division to the
Danish firm Novozymes for $115 million (INR 4,715 million). Biocon will put
some of the sale proceeds into R&D and some for acquisitions. 5

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