Updated on 5 May 2014
Talking about merging Syngene and Clinigene, Dr Kiran opined, "Currently the merging is going through legal processes. We have three big clients in Syngene and Clinigene's portfolio, namely, BMS, Abbott and Baxter. Clinigene is becoming a center of excellence for bioanalytical services. Its turnaround has begun to contribute positively to the business services."
Speaking on Biocon's new initiatives, Dr Kiran said, "The Biocon Academy welcomed its first batch of studetns in January 2014. The course is a 16-week, full-time, one-of-a-kind course in partnership with KGI, which aims to make biotech graduates employable. The first batch comprising of 30 students will graduate by the end of May 2014, followed by the commencing of the second batch in June 2014. The graduates will have industry visits including at IBAB, Bangalore. We also have mentors who are biotech experts in the US, who are Indians. About 50% of the graduates will be absorbed within Biocon. Other companies can certainly come in and hire our students."
She continued, "We are also planning to set up e-health centres in rural Odisha to develop e-medical records, e-health database and deliver universal healthcare."
In order to have a greater focus, Dr Kiran said that there was restructuring that was happening at Biocon.
"We decided to group our businesses having same synergies. Insulin and insulin analogs share a great synergy around them. Similarly, biosimilars and antibodies, API and generic formulations also have the same synergy. Hence, we have put them under strategic units run by a business unit head," she said.
Looking ahead in to the FY15, Dr Kiran expressed, "We will continue to work towards our aspirational revenue target of USD 1billion for 2018. Novel molecule licensing could be a potential opportunity for us. Insulin, branded formulations and research services will drive Biocon's near-term growth momentum."