In the latest development involving Biocon, the Bengaluru-based biopharmaceutical company has brought an external law firm onboard to review its governance process.
"Industry insiders and investors will probably not be rattled by the news as was evidenced by Biocon share price being largely unaffected by the charge, " said analyst Salil Kallianpur.
In a latest development in connection with the CDSCO bribery case, the Central Bureau of Investigation (CBI) on Tuesday arrested all the remaining accused, who were allegedly involved in waiving the Phase-3 trial of Insulin Aspart Injection of Biocon Biologics.
Recent corruption charges against the CDSCO, Synergy Network India and Biocon Biologics have put to the fore to look minutely into the core of the issues and eradicate tainted officials from the system