Biocon Partner Duopharma Secures MYR 225M Insulin Tenders in Malaysia
Biocon's partner, Duopharma Biotech, secured Malaysian Ministry of Health insulin tenders valued over MYR 225 million. Contracts include MYR 155.27M for human insulin, MYR 18M for insulin glargine, and MYR 52.5M for insulin aspart over three and two-year periods. Biocon's Malaysian facility will supply these therapies, reinforcing its commitment to diabetes care.
The contracts are substantial in value and duration, indicating a positive impact on Biocon's partner and potentially on Biocon's supply chain and revenue from this region. However, it does not represent a direct sales figure for Biocon itself.
The announcement details significant contract wins for Biocon's partner in Malaysia, valued at over MYR 225 million, which will increase the supply of essential diabetes medications and reinforces Biocon's commitment to the region.
Biocon Limited announced that its partner, Duopharma Biotech Berhad, through its subsidiary Duopharma (M) Sendirian Berhad, has secured multiple insulin contracts from the Ministry of Health, Malaysia, valued at over MYR 225 million for the year 2026. Biocon's subsidiary in Malaysia, Biocon Sdn. Bhd., will supply short-acting recombinant human insulin, insulin glargine, and insulin aspart to Duopharma for distribution.
The contracts include a three-year agreement for human insulin worth approximately MYR 155.27 million, and two two-year agreements for insulin glargine (approximately MYR 18 million) and insulin aspart (approximately MYR 52.5 million). These agreements align with Malaysia's 13th Malaysia Plan and the New Industrial Master Plan 2030, aiming to ensure a consistent and accessible supply of diabetes medication.
Shreehas Tambe, CEO & Managing Director of Biocon Limited, highlighted Malaysia's significance in Biocon's insulin journey for over a decade, emphasizing the role of their integrated insulin manufacturing facility in Johor. Joe Sian, Site Head of Biocon Sdn. Bhd., underscored the importance of affordable insulin supply given the estimated 4.75 million people living with diabetes in Malaysia. Encik Wan Amir-Jeffery Wan Abdul Majid, GCEO of Duopharma Biotech Berhad, expressed delight in their decade-long partnership with Biocon and the new contracts, stressing the need for robust domestic pharmaceutical manufacturing.
Since 2016, Biocon and Duopharma Biotech have collaborated to address Malaysia's diabetes burden, supplying over 120 million insulin cartridges and supporting more than 450,000 patients. Their partnership also extends to oncology and ophthalmology biologics. Biocon's investment of over USD 600 million in its Malaysian facility since 2011 has bolstered the country's biotechnology sector, reduced dependency on imported insulin, and improved patient access and affordability.
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