GEN Exclusives

More »

GEN News Highlights

More »
Dec 6, 2011

Biogen Idec, Samsung Establish $300M Biosimilar Joint Venture

  • Biogen Idec and Samsung established a $300 million joint venture to develop and market biosimilars. The initiative, based in Korea, will be led by Samsung, which will contribute $225 million for an 85% stake. The venture will essentially contract with Biogen Idec and Samsung Biologics for technical development and manufacturing services, the firms state. However, it won't look to develop biosimilars of Biogen Idec’s proprietary products.

    Samsung Biologics was established in April 2011 to specialize in biopharmaceutical manufacturing. “This relationship will allow us to leverage our world-class protein engineering and biologics manufacturing capabilities, while maintaining focus on our mission of discovering, developing, and delivering innovative therapies for patients worldwide with neurodegenerative diseases, hemophilia, and autoimmune disorders,” comments George A. Scangos, Ph.D., Biogen Idec CEO. “We are very impressed with Samsung’s track record of leadership and excellence in all their businesses.” 


Add a comment

  • You must be signed in to perform this action.
    Click here to Login or Register for free.
    You will be taken back to your selected item after Login/Registration.

Related content

Jobs

GEN Jobs powered by HireLifeScience.com connects you directly to employers in pharma, biotech, and the life sciences. View 40 to 50 fresh job postings daily or search for employment opportunities including those in R&D, clinical research, QA/QC, biomanufacturing, and regulatory affairs.
 Searching...
More »

GEN Poll

More » Poll Results »

Alzheimer's Therapies

Do you think an effective treatment for Alzheimer’s will be found within the next 10–15 years?