Major contract brings Samsung to record-breaking $4 billion in deals

20 November 2024

Samsung Biologics (KRX: 207940.KS), the biotech arm of South Korea's Samsung Group, has announced a new manufacturing agreement worth $668 million.

The deal, with an undisclosed European pharmaceutical company, will run through to December 2031. It pushes the company’s total to over $4 billion, an all-time high and 1.5 times last year’s total.

Samsung Biologics, a leading contract development and manufacturing organization (CDMO), now boasts more than ten manufacturing deals for the year and partnerships with almost all of the world’s top 20 pharmaceutical companies.

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