Biocon’s Kiran Mazumdar-Shaw named winner of 2014 Othmer Gold Medal

Biocon’s Kiran Mazumdar-Shaw named winner of 2014 Othmer Gold Medal

Kiran Mazumdar-Shaw, chairperson and managing director of biotech giant Biocon Ltd, has been named the winner of this year's Othmer Gold Medal, the company has announced.

A spokesperson for the Bangalore-based company said Ms. Mazumdar-Shaw would receive the 2014 Othmer Gold Medal in March this year at Philadelphia.

The Othmer Gold Medal is a top award of the Philadelphia, U. S.-based non-profit organisation Chemical Heritage Foundation, which has been making efforts to preserve history and heritage of chemistry and chemical engineering.

Foundation CEO Carsten Reinhardt said Ms. Mazumdar-Shaw became the first woman brew master in her country India by using the knowledge of fermentation to become a successful entrepreneur.

Commenting on the honour, Ms. Mazumdar-Shaw said, "I feel privileged to receive this prestigious honour and join the distinguished list of its recipients like James Watson, Ahmed Zawail and Robert Langer, from whom I have drawn great inspiration."

Meanwhile, Biocon reported a 14.41 per cent rise in its consolidated net profit for the December quarter. It announced that its net profit jumped to Rs 104.99 crore in the three-month period ended December 31, 2013; from Rs 91.76 crore in the corresponding quarter of the previous year.

Consolidated net sales jumped from Rs 634.22 to Rs 701.16 crore. The growth was mainly driven by the company's flagship brands like Abraxane, Basalog, BioMab EGFR and Insupen.

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