Samsung Biologics partners with Pfizer for biosimilars production
South Korean contract development and manufacturing organization (CDMO) Samsung Biologics (KRX: 207940) today revealed it has entered another strategic partnership with US pharma giant Pfizer (NYSE: PFE) for the long-term commercial manufacturing of Pfizer’s multi-product portfolio.
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. The contract is worth $411 million, a regulatory filing indicates.
Adds to $183 million contract in March
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