Samsung Bioepis execs arrested, reports say

30 April 2019

An executive and another employee at Korean biosimilars powerhouse Samsung Bioepis have been arrested, according to The Financial Times and other sources.

The report states that the pair are suspected of destroying evidence to cover up an alleged 4.5 trillion won ($3.9 billion) accounting fraud, and have been arrested as part of an investigation into the case that was launched last year.

Samsung Bioepis is a joint venture involving the US biotech company Biogen (Nasdaq: BIIB) and Samsung BioLogics.

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