Biomm S.A. is a Brazilian biotechnology company founded in 2001 following the partial spin-off of Biobrás S.A., a traditional insulin-sector company in the country. At that time, Biomm incorporated all intellectual property related to recombinant DNA production technology, including international patents and assets required for the continuity of activities. After the sale of Biobrás’s controlling stake to Denmark’s Novo Nordisk in 2002, Biomm remained under the leadership of entrepreneurs involved in the development of biotechnology in Brazil, who had participated in initiatives such as Fundação Biominas, ABRABI, and the local biotechnology production cluster of Belo Horizonte and its metropolitan region. Throughout the 2000s, the company set up corporate vehicles abroad and pursued international projects focused on insulin production, such as the joint venture in Saudi Arabia via Biomm Middle East.

Biomm’s trajectory includes significant capital-raising events and the structuring of industrial and commercial operations. In 2012, the company approved its listing on the Bovespa Mais segment of the former BM&FBOVESPA, now B3, converting preferred shares into common shares and amending its bylaws to focus on corporate governance practices. In 2014, its shares began trading on B3 under the ticker BIOM3, consolidating the company as a publicly listed issuer in the Brazilian market. From that period on, Biomm intensified its strategic review, expanding its scope of operations to a broader portfolio of biotechnology drugs, especially for the treatment of chronic diseases highly relevant to public health, such as diabetes.

Biomm’s business model combines industrial activities with a strong component of importing, storing, and marketing biotechnology drugs in Brazil through strategic partnerships with several international laboratories. The company generates revenue predominantly from the import of thermolabile drugs, ensuring an appropriate cold chain, storage in certified facilities, and nationwide distribution. In 2024, the company consolidated the industrial stage with ANVISA’s validation of its biopharmaceutical plant in Nova Lima, Minas Gerais, which started production in April of that year, enabling in-house manufacturing of insulin glargine and, potentially, other proteins of therapeutic interest. Despite this industrial expansion, the financial statements indicate that Biomm operates as a single operating segment, reflecting an integrated performance in biopharmaceuticals.

Biomm’s portfolio is diversified within the pharma and biotechnology segment, focusing on drugs for diabetes, oncology, rheumatology, thrombosis, immune-mediated diseases, and ophthalmology. In diabetes, the company markets, among others, the inhaled insulin Afrezza, a human insulin administered by inhalation for adults; Wosulin, a human insulin in NPH and regular presentations, widely used in the Brazilian healthcare system; and Glargilin, a biosimilar biopharmaceutical of long-acting insulin glargine. In addition, it has in its portfolio or pipeline insulin analogs and antidiabetic drugs such as semaglutide, degludec, liraglutide, aspart, and lispro, forming a broad set of therapeutic options for glycemic control. In other therapeutic fronts, products include Herzuma (a biosimilar trastuzumab for HER2-positive breast cancer), Ghemaxan (a biosimilar enoxaparin sodium for deep vein thrombosis and unstable angina), and biopharmaceuticals under development or in the approval phase, such as bevacizumab, pegfilgrastim, teriparatide, denosumab, ustekinumab, and ranibizumab.

Biomm’s commercial strategy is based on supply, distribution, and licensing partnerships with global pharmaceutical companies, in which the company acts as importer, responsible for the logistics, storage, and marketing of drugs in Brazil. The company maintains two subsidiaries abroad, Biomm International Inc. and Biomm Middle East Inc., used mainly to facilitate international negotiations and technology transfer projects, although current revenues are generated entirely in Brazil. The relationship with the Ministry of Health is significant, with this customer accounting for a substantial share of net operating revenue in 2024, mainly due to the supply of human and biosimilar insulins for the Unified Health System (Sistema Único de Saúde).

Biomm’s geographic presence is concentrated in Brazil, with industrial and operational units located mainly in Minas Gerais and Santa Catarina, in addition to an office in São Paulo. The biopharmaceutical plant in Nova Lima houses production, packaging, and storage activities for insulin and other biopharmaceuticals, operating under good manufacturing practice certification. Branches in Contagem, in Minas Gerais, and in Itajaí, in Santa Catarina, were structured as storage and distribution centers for insulin and other products, forming a logistics network that serves 21 Brazilian states and the Federal District. The company does not record revenue from abroad, directing its commercial strategy to the domestic market, both in the public and private channels, through distributors, pharmacies, supplemental healthcare operators, and government agencies.

From a regulatory standpoint, Biomm operates in a highly supervised environment, characteristic of the pharmaceutical sector. Manufacturing, importing, storage, distribution, and marketing activities for drugs are subject to regulation by the Brazilian Health Regulatory Agency (ANVISA), which grants product registrations and good manufacturing practice certifications, as well as by the Drug Market Regulation Chamber (CMED), responsible for setting and adjusting maximum drug prices in the country. In addition to these federal agencies, the company is subject to requirements from city governments, professional councils, environmental bodies such as the Minas Gerais State Environmental Policy Council (COPAM), the Fire Department, and the Federal Police, depending on the type of product and infrastructure used. Industrial and storage activities require environmental licensing with preliminary, installation, and operating licenses, which are periodically renewed and subject to technical environmental protection requirements.

Regarding environmental, social, and governance practices, Biomm has not yet published a structured ESG report to the market, but states that it adopts internal procedures to comply with social, environmental, and labor legislation. The company has implemented solid waste management controls at the Nova Lima plant, with identification, quantification, and proper disposal, as well as monitoring of noise and potential environmental impacts, in line with conditions established by SUPRAM/MG. It also maintains programs and policies for occupational health and safety, including accident monitoring, the presence of a safety technician, and adherence to applicable Regulatory Standards. On the social front, the company states that it adopts principles of respect for human rights, non-discrimination, inclusion, and the fight against child and slave labor, formalized in a code of ethics and conduct. It also develops initiatives for hiring people with disabilities, young apprentices, and interns, as well as an Environmental Education Program to be implemented with the local community, reinforcing the integration between industrial operations and the surrounding area.

Biomm’s shares, traded under the ticker BIOM3 on B3, provide exposure to the pharma and biotechnology segment focused on complex biological drugs, especially for the treatment of diabetes, cancer, thrombosis, and chronic diseases. The company’s positioning combines installed biopharmaceutical industrial capacity in Brazil, a portfolio based on insulins, biosimilars, and biopharmaceuticals licensed from global partners, as well as commercial relationships with the public sector and private distribution channels. This configuration places Biomm in a specific niche of the Brazilian pharmaceutical industry, with an emphasis on products of high technological complexity and intense regulation over prices, quality, and safety of the drugs offered to the domestic market.

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