Biocon Biologics likely to receive funds of $100 million from ADQ

Biocon Biologics led by Karan Mazumdar, is in talks with the Abu Dhabi based ADQ to invest upto $100 million in the company. This negotiation came forward after Biocon Biology smashed a deal with Wall Street’s dominant player Goldman Sachs which infused fresh funds of $150 million. ADQ is a state owned enterprise by the UAE government.