Civica will start selling the medicine for patients in the United States after completing development work and clinical trials.
The drug is also used to treat Philadelphia chromosome-positive acute lymphoblastic leukemia (ALL) in adults who have shown resistance or intolerance to prior therapy.
Biocon will market Liraglutide under two brand names - Liraglutide Biocon for diabetes, which is a generic version of Victoza.
As per the company, YESINTEK shall be available in all the same formulations currently provided by Stelara.
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Biocon's EBITDA increased by 16% YoY to ₹787 crore, which shows improved operational performance.
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The approval further adds to Biocon's portfolio of complex drug products and will be commercialised in the region expeditiously
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The USFDA released an Establishment Inspection Report with a "Voluntary Action Indicated" status for Biocon's Active Pharmaceutical Ingredients facility in Bengaluru.
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