Biocon Announces $150 Million Investment in Biologics and Generics Over Two Years

On May 11, 2025, Biocon, a leading biopharmaceutical company, revealed plans to invest $150 million in capital expenditure (capex) over the next two years. The investment includes $100 million for its biologics division, with a significant portion allocated to expanding manufacturing capacity in Malaysia, and $50 million for generics.

Biocon’s CEO, Siddharth Mittal, confirmed that the generics capex program will largely conclude next year, leaving only minimal maintenance spending thereafter. Meanwhile, Biocon’s biologics capex will moderate after this expansion phase.

The announcement followed Biocon’s Q4 earnings report, which showed a 153% surge in net profit to ₹344 crore and a 12% increase in consolidated revenue to ₹4,454 crore. Key drivers included biosimilars, generics growth, and strong demand in research services.

Biocon recently launched lenalidomide and dasatinib in the US, along with liraglutide in the UK, bolstering its oncology and diabetes portfolios. The company is eyeing the launch of bevacizumab in the US later this year, alongside anticipated approval for insulin aspart.

With four biosimilars each generating $200 million in FY25 sales, Biocon is strengthening its foothold in global markets. It also launched ustekinumab, a biosimilar to Stelara, in the US and expanded its biologics manufacturing footprint through a facility acquisition.

To support its growth plans, Biocon is raising ₹4,500 crore via QIP and private placements, aimed at meeting financial obligations and funding biologics investments.