Samsung Biologics bags $1.24bn CDMO contract with Asia-based pharma firm

Samsung Biologics bags $1.24bn CDMO contract with Asia-based pharma firm

Samsung Biologics (KRX: 207940.KS), a leading contract development and manufacturing organization (CDMO), has signed its largest-ever contract, valued at USD 1.24 billion, with an undisclosed Asia-based pharmaceutical company. The agreement, the largest single-client contract in the company’s history, extends until December 2037, with production set at the biomanufacturing hub in Songdo, South Korea. Contract Milestones […]

Sartorius to invest €270m to expand South Korea operations

Sartorius to invest €270m to expand South Korea operations

Sartorius, a German pharma and lab equipment supplier, said that it is investing nearly €270 million through 2024 for expanding its operations in South Korea. The life science company is planning to launch cell culture media production in South Korean biopharma hub Songdo in Incheon. It will use the Songdo hub for assembling sterile systems […]