By Aayush Khanna
Biocon Biologics Limited, a subsidiary of Biocon Limited (NS:BION), has once again secured the prestigious title of Asia IP Elite for 2023, as announced by IAM (Intellectual Asset Management), the world's largest IP publication. This recognition is reserved for a select group of Asia-based corporations and research institutions that lead in intellectual property value creation.
Having debuted on this prestigious list in 2019, Biocon Biologics is marking its seventh consecutive year of recognition, affirming its robust IP management and consistent creation of IP value. Notably, Biocon Biologics is one of the three pharmaceutical companies from India featured on this year's list, and its IPR team has been acclaimed as the 'Healthcare and Biotechnology Team of the Year' from Asia for 2023.
Shreehas Tambe, CEO & Managing Director of Biocon Biologics, expressed honor in receiving this award for the seventh time, acknowledging it as a testament to their commitment to innovation and intellectual capital creation. He commended the IP team for their remarkable achievement and emphasized Biocon Biologics' dedication to utilizing science for affordable innovation globally.
Biocon Biologics strategically employs its in-house IP capabilities to facilitate early entry of biosimilar products, addressing patients' needs for affordable therapy on a global scale.
The selection criteria for the Asia IP Elite encompass placing IP strategy at the core of business, obtaining significant and ongoing value from intellectual property, senior management's understanding of the strategic importance of IP, and a continual reassessment and improvement of the IP strategy to capitalize on market developments.
In 2023, 88 entities from India, China, Japan, South Korea, Malaysia, Thailand, Taiwan, Australia, New Zealand, and Singapore were featured on the list. IAM recognized Biocon Biologics' IPR team as the 'Healthcare and Biotechnology Team of the Year,' acknowledging their noteworthy contributions based on publicly available information and market feedback.
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