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India's Biocon promises Herceptin biosim launch by year's end

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Roche ($RHHBY) could have Indian competition for Herceptin sooner than it thought. Now that the Swiss drugmaker has decided to forego a patent fight over the breast cancer drug in India, domestic drugmakers are rubbing their hands together in anticipation. Bangalore-based Biocon says it's gearing up to launch its biosimilar version by the end of March. "We have completed the Phase III trials and are awaiting the result," CEO Kiran Mazumdar-Shaw said. "We are sure the product will be launched this financial year." Story