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South Korea's Samsung BioLogics says it plans to separate company

South Korea's Samsung BioLogics says it plans to separate company

CNA21-05-2025
SEOUL :South Korea's Samsung BioLogics said on Thursday it plans to separate the company between its drug contract manufacturing business, and a business overseeing subsidiaries including biosimilar drug developer Samsung Bioepis as well as new investments.
BioLogics said in a regulatory filing that it will spin off the business overseeing Samsung Bioepis.
Shares in BioLogics rose 7.1 per cent a day earlier after local media reports that Samsung BioLogics was considering the spin-off, and investor hopes of benefit from the move.
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