Samsung Biologics Wins KRW737.3 Billion Biologics CMO Contract From US Pharmaceutical Firm

MT Newswires Live

04/29

Samsung Biologics (KRX:207940) secured a biologics contract manufacturing organization (CMO) contract from an undisclosed US-based pharmaceutical company.

The deal is valued at 737.3 billion won and is valid till December 2031, the contract development and manufacturing organization said in a regulatory filing on Monday with Korea Exchange.

Shares of Samsung Biologics rose nearly 1% in recent trade on Tuesday, April 29.

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