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The Biocon bribery case is a disaster for public health and Indian pharma
₹4 lakh to the CDSCO official. The CBI also booked three others including an associate vice-president of Biocon Biologics Ltd, a subsidiary of Biocon, founded by one of India’s most famous woman entrepreneurs, Kiran Mazumdar-Shaw. The agency charged that the bribe was paid to get regulatory clearances for an insulin injection, Insulin Aspart, manufactured by the company without undergoing mandatory Phase III clinical trials.