Samsung Biologics secures $1.24bn deal with Asian pharmaceutical firm, its largest single-client contract.

Samsung Biologics, a South Korean contract manufacturer, has secured a $1.24 billion deal with an undisclosed Asian pharmaceutical firm, marking its largest single-client contract. This agreement, lasting until December 2037, contributes to over $3.3 billion in contracts for 2024 alone. The company aims to enhance its global biopharmaceutical offerings and plans to expand its presence in key markets like Japan.

October 22, 2024
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