BUZZ-India's Biocon gains on unit getting marketing access for Yesintek therapy in US

Reuters

2025/05/05

** Biocon BION.NS climbs 4.4% to 332.80 rupees

** Drugmaker's unit Biocon Biologics gets marketing access for its immunotherapy drug Yesintek - Biocon's biosimilar for Janssen Biotech's Stelara - in the U.S.

** The therapy, chemically called ustekinumab, is used for treating patients with chronic plaque psoriasis

** Stock rated "buy" on avg; median PT is 400 rupees, per data compiled by LSEG

** Session's gains trim BION's YTD losses to 8.9%

(Reporting by Kashish Tandon in Bengaluru)

((Kashish.tandon@thomsonreuters.com))

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