Archive · 13 Jan 2026

Biocon Gets USFDA Approval for Everolimus Tablets

Biocon Gets USFDA Approval for Everolimus Tablets

Biocon, a big pharmaceutical company, got approval from the US FDA for a new medicine called Everolimus Tablets.

These tablets come in different strengths and are used to treat a condition called Tuberous Sclerosis Complex (TSC) in both adults and children.

The approval is expected to help Biocon expand its range of medicines.

However, after the announcement, the company's stock price went down slightly.

The stock is currently trading at Rs 376, which is a bit lower than before.

The company's promoters own about 48.27% of the company, which is a bit less than before.

The stock has been a bit volatile lately, but it's still above some of its long-term averages.

Sources