Biocon launches biosimilar Krabeva in India

24 November 2017

Indian biotech firm Biocon (BSE: 532523) has launched Krabeva, a biosimilar bevacizumab for the treatment of patients with metastatic colorectal cancer and other types of lung, kidney, cervical, ovarian and brain cancers, in India.

The announcement sent Biocon’s shares up 2.42% to 418.50 rupees in intra-day trading on Thursday.

This is a copycat version of Swiss pharma giant Roche's (ROG: SIX) Avastin, for which Biocon received marketing approval in Russia in 2015.

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