Korea, Republic of
Add to My Companies | Give a Referral for this Company | Print this ProfileThe latest news, announcements and press releases from Samsung Biologics.
Incheon, S. Korea, October 22, 2024 – Samsung Biologics (KRX: 207940.KS), a global contract development and manufacturing organization (CDMO), announced today a contract manufacturing deal with an Asia-based pharmaceutical company.
The disclosed deal, worth USD 1.24 billion, is the largest contract signed by a single client. Production will take place at Samsung Biologics’ biomanufacturing site in Songdo, South Korea and the contract runs through December 2037. With the latest agreement, the company’s accumulated contract for 2024 surpasses USD 3.3 billion.
“We are pleased to strategically collaborate with the Asia-based pharmaceutical company to bring effective, high-quality biopharmaceuticals to the global market,” said John Rim, President and CEO of Samsung Biologics. “The deal comes at a significant time as we proactively build on our biomanufacturing capacity to readily support our clients. Leveraging our capabilities and proven expertise, we plan to maintain momentum for further expansion by fostering trusted and sustainable partnerships with potential and existing clients for mutual growth, and ultimately help patients with unmet needs.”
Incheon, S. Korea, February 7, 2024 – Samsung Biologics (KRX: 207940.KS), a global contract development and manufacturing organization (CDMO), today announced it has signed a partnership agreement with LegoChem Biosciences (KOSDAQ: 141080), a biotech company pioneering the research and development of antibody-drug conjugate (ADC) programs.
Under the terms of the deal, Samsung Biologics will provide antibody development and drug substance manufacturing services as a part of LegoChem Biosciences’ ADC program designed to treat solid tumors. LegoChem Biosciences aims to submit an Investigational New Drug application to the U.S. FDA in the first half of 2025, with non-clinical data showing promising efficacy results.
Samsung Biologics, a contract development and manufacturing organization (CDMO), entered into a new agreement with Bristol Myers Squibb for large-scale manufacturing of a BMS commercial antibody cancer drug substance.
SEOUL, July 10 (Yonhap) -- Samsung Biologics Co., the biotech arm of South Korea's Samsung Group, said Monday it has signed a US$390.9 million deal with Novartis Pharma AG to manufacture the Switzerland-based pharmaceutical firm's products.
INCHEON, S. KOREA, and NEW YORK, USA, June 8 2023 –Samsung Biologics (KRX:207940.KS) and Pfizer (NYSE: PFE) today announced a strategic partnership for the long-term commercial manufacturing of Pfizer’s multi-product portfolio. Samsung Biologics and Pfizer entered into an initial manufacturing agreement in March 2023 for a Pfizer product.
Under the terms of the new agreement, Samsung Biologics will provide Pfizer with additional capacity for large-scale manufacturing for a multi-product biosimilars portfolio covering oncology, inflammation, and immunology. Samsung will use its newest facility, Plant 4, for the manufacturing.
Incheon, S. Korea, October 13, 2022 – Samsung Biologics (KRX: 207940.KS), a leading contract development and manufacturing organization (CDMO), announced today it has successfully renewed its ISO 27001 certification (Information Security Management System) and obtained ISO 27017 certification (Information Security in cloud services) and ISO 37001 certification (Anti-bribery management systems).
Samsung Biologics Co., the world’s largest contract drugmaker, plans to double its manufacturing capacity by building four additional plants worth 7 trillion won ($5.3 billion) to solidify its leadership in the contract development and manufacturing organization (CDMO) market.
The biotechnology unit of South Korea’s top business group Samsung said on Monday it has signed a 426 billion won land purchase contract to build its second bio campus inside the free economic zone in Songdo, Incheon, west of Seoul.
The company said it will build four new plants on its second bio campus on 357,366 square meters of land near its first campus, which accommodates four factories.
The construction of the four new plants will be completed by 2032, which is expected to create a total of 4,000 jobs by then. The new site is about 30% larger than the nearby first campus.
Samsung Biologics has signed an intent letter for a contract manufacturing organization deal worth $81 million with multinational pharmaceutical firm Norvatis Pharma, the South Korean company announced Tuesday.
According to the contract manufacturing giant’s regulatory filing, the two sides on Friday signed the initial contract, which is equivalent to 6.41 percent of the company’s annual sales of 1.57 trillion won ($1.25 billion) last year. It did not reveal which of Novartis’ biopharmaceutical products Samsung Biologics will manufacture.
Samsung Biologics, the world’s leading contract development and manufacturing organization, continues its strategic biopharmaceutical manufacturing collaboration with AstraZeneca (LSE/STO/Nasdaq: AZN). The partnership is based on an expanded deal this year in May 2021 which followed the signing of a long-term strategic agreement made in September 2020. Under the agreement, valued at approximately $380 million up from the initial $331 million for the production of drug substance and drug product, Samsung Biologics manufactures AstraZeneca’s COVID-19 long-acting antibody (LAAB) combination, AZD7442, and will start to manufacture a cancer immunotherapy product from next year.
Moderna (Nasdaq: MRNA), a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, announced today that the Ministry of Food and Drug Safety of Korea (MFDS) has issued a marketing authorization for Spikevax®, Moderna’s COVID-19 vaccine (mRNA-1273) manufactured by Samsung Biologics, a leading global CDMO providing fully integrated end-to-end contract development and manufacturing services.
Samsung Biologics, a global CDMO providing end-to-end contract development and manufacturing services, unveiled plans to add mRNA vaccine drug substance (DS) manufacturing capability to the current facility in Songdo, ready for cGMP operations within the earlier part of the year in 2022. mRNA has been the technology of choice for many COVID-19 vaccines due to its characteristics of safety and fast scalability in manufacturing.
Incheon, S. Korea, 22 September 2020 – Samsung Biologics (207940.KS) and AstraZeneca announced a long-term supply agreement, valued at approximately $330.8 million. Under this agreement, Samsung Biologics will provide large-scale commercial manufacturing for drug substance in its Plant 3 as well as drug product to support AstraZeneca’s biologics therapeutics, which could be increased to $545.6 million.
By leveraging Samsung Biologics’ robust expertise and capabilities in the manufacturing of high-quality biopharmaceuticals, this new partnership will enable AstraZeneca to expand its biologics manufacturing capabilities into Asia Pacific. According to AstraZeneca, this collaboration agreement is also expected to accelerate Korean bio-health innovation.
Prior to this deal, a LOI signing event was held in June this year at Samsung Biologics’ headquarters in Incheon with utives of both companies, Samsung Biologics CEO Tae Han Kim and AstraZeneca Korea’s country president Juno Kim in attendance. Leif Johansson, Chairman of the Board and Ms. Margareta Ozolins Nordvall, Senior Vice President Supply APAC of AstraZeneca joined the event via a virtual meeting platform due to global travel restrictions amid COVID-19.
South Korean government officials, Mr. Jae Joon Kim, Director of Bio-Convergence Industry from Ministry of Trade, Industry, and Energy and Ms. Tae Gil Jung, Director of Division of Health Industry Promotion from Ministry of Health and Welfare also joined the signing event.
“This long-term partnership with Samsung Biologics strengthens our manufacturing capabilities, and ensures we are well-positioned to continue to deliver our exciting portfolio of new and established biologics medicines to patients with quality, speed and efficiency.” said Pam Cheng, EVP Global Operations and IT, AstraZeneca.
“We are very proud to partner with AstraZeneca, a company that uses a rich history of science-led innovation to serve patients,” said Dr. Tae Han Kim, CEO of Samsung Biologics. “At Samsung Biologics, our people share this common purpose to help our clients bring innovative solutions to an array of diseases, and we look forward to delivering on our promise to aid in AstraZeneca’s ongoing expansion program.”
Incheon, S. Korea, 00 September 2020 – Samsung Biologics (207940.KS) and Kanaph Therapeutics have entered into a strategic partnership to develop KNP-301, a bi-specific Fc fusion protein intended to treat retinal diseases.
According to Kanaph Therapeutics, KNP-301 is designed to target autoimmune diseases by inhibiting the alternative pathway of the complement system. With the benefits of its bi-specific approach, it aims to successfully treat complement-mediated and angiogenesis driven retinal diseases by suppressing both C3b and VEGF simultaneously.
Under the agreement, Samsung Biologics will provide a full scope of its CDO services from cell line development, process development, non-clinical and clinical material manufacturing to IND submission.
"We are proud to announce our partnership with Kanaph Therapeutics for the development of their first biologics program," said Dr. Tae Han Kim, CEO of Samsung Biologics. “This partnership marks our standing as the most reliable CDMO partner with leading capabilities of providing high-quality development services. We will leverage our extensive expertise to expedite Kanaph Therapeutics’ success in bringing advanced treatments for retinal disease to address the unmet medical needs of patients.”
“We have decided to work with Samsung Biologics for the development of our first biologic program, in preparation for our global clinical trials,” said Byoung Chul Lee, CEO of Kanaph Therapeutics. “This will mark the beginning of many biologic molecules in our pipeline to be developed for the clinic. In addition to partnering with a global CDMO such as Samsung Biologics, we will drive for the successful outcome of our regulatory and clinical strategies in partnership with our specialized KOLs and experienced CROs.”
This is the News section of the company profile page for Samsung Biologics on the Pharmaceutical Services Directory. Companies listed on the directory can update their business information free of charge. If this is your company and you'd like to claim this profile, please Contact Us.
