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Samsung will also produce cancer drugs

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Samsung Biologics Co Ltd said on Monday it would continue its partnership with AstraZeneca Plc on manufacturing biopharmaceuticals.

Axar.az reports that Samsung said production of drug substance and drug products is valued at about $380 million, up from the initial $331 million after the companies expanded the deal this year in May 2021.

The company said it would start to manufacture a cancer immunotherapy product from next year along with AstraZeneca’s COVID-19 long-acting antibody (LAAB) combination, AZD7442.

Samsung Biologics CEO John Rim said, “We are delighted to continue expanding our strategic collaboration with AstraZeneca, a valuable partner we have witnessed first-hand to have a strong commitment to saving lives of patients”.

Date
2021.12.14 / 15:12
Author
Axar.az
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