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It's payback time: Kiran Majumdar-Shaw

November 11, 2010
Kiran Majumdar-Shaw
57, Chairperson and Managing Director, Biocon
(Number of times in BT's Most Powerful list: 7)

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The April-September quarter has been a busy one for Kiran Mazumdar-Shaw, Founder of Biocon. She has been travelling across Europe and Asia to meet customers and potential clients, all the while finding new ways to grow her biotechnology business.

A result of the relentless travel was visible in mid-October, when Biocon announced a deal with global pharma giant Pfizer to sell biosimilar insulin products. Biosimilars are versions of innovator biopharma drugs that are produced following patent expiry. The oral insulin products are in stage 3 of clinical trials, and Pfizer gets the rights to commercialise the biosimilar versions worldwide.

For this Biocon pockets a cool $350 million- $250 million upfront. "This deal is a validation of Biocon's capabilities by one of the best names in the business," Mazumdar-Shaw told this writer a day before continuing her globetrotting, this time to Malaysia where she announced a $171-million investment in a biosimilar unit.

-Rahul Sachitanand
The 30 Most Powerful Women
1. Schauna Chauhan
2. Zarin Daruwala
3. Lynn de Souza
4. Tanya Dubash
5. Shyamala Gopinath
6. Vinita Gupta
7. Kaku Nakhate
8. Vedika Bhandarkar
9. Manisha Girotra
10. Lalita Gupte
11. Usha Narayanan
12. Akhila Srinivasan
13. Leena Nair
14. Vinita Bali
15. Chanda Kochhar
16. Roopa Kudva
17. Naina Lal Kidwai
18. Kiran Mazumdar-Shaw
19. Zarina Mehta
20. Zia Mody
21. Kalpana Morparia
22. Vishakha Mulye
23. Swati Piramal
24. Meher Pudumjee
25. Madhabi Puri Buch
26. Chitra Ramkrishna
27. Preetha Reddy
28. Shikha Sharma
29. Mallika Srinivasan
30. Sangeeta Talwar

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