Samsung Biologics secures major deals worth over $668 million, marking significant growth and profitability.

Samsung Biologics, a South Korean pharmaceutical company, has signed new manufacturing deals with a European firm worth over $668 million, pushing its annual deal value past 5 trillion won for the first time. The company also recently secured a $1.24 billion deal with an Asian firm. Samsung Biologics has seen significant growth this year, with a 72% increase in net profit and a 47% rise in operating profit. The company now serves 17 of the world's top 20 pharmaceutical firms and plans to add ADC services by year-end.

November 20, 2024
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