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Biocon Limited is an Indian biopharmaceutical company that is based in BangaloreIndia. It was founded by Kiran Mazumdar-Shaw in 1978.[4] The company manufactures generic active pharmaceutical ingredients (APIs) that are sold in over 120 countries across the globe,[citation needed] including the developed markets of the United States and Europe.[4] It also manufactures novel biologics as well as biosimilar insulins and antibodies, which are sold in India as branded formulations.