Latest news with #SamsungBioLogics
CNA
22-05-2025
- Business
- CNA
Samsung BioLogics spin-off to separate contract drug making, new growth drivers
SEOUL :South Korean drug maker Samsung BioLogics said on Thursday it plans to separate the company into contract manufacturing and development companies, to help allay customer concerns about conflicts of interest between businesses. BioLogics said in a regulatory filing that it will keep its drug contract manufacturing business while spinning off a business overseeing subsidiaries, including biosimilar drug developer Samsung Bioepis, as well as new investments. The new spun-off company will tentatively be called Samsung Episholdings, the filing said. "With the spin off, we expect to have more opportunities to explore next-generation growth drivers," Samsung Bioepis said in a statement. BioLogics counts tech giant Samsung Electronics and builder Samsung C&T as its major shareholders. Kim Soo-hyun, head of research at DS Investment & Securities, said the deal may pave the way for Samsung C&T to sell some of its stake in the separated company and buy shares in Samsung Electronics, increasing the group's grip on the conglomerate's crown jewel. Shares in BioLogics, which had risen 7.1 per cent a day earlier after local media reports about a potential spin-off, rose as much as 8.2 per cent on Thursday before paring gains.
CNA
21-05-2025
- Business
- CNA
South Korea's Samsung BioLogics says it plans to separate company
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.
Reuters
21-05-2025
- Business
- Reuters
South Korea's Samsung BioLogics says it plans to split company
SEOUL, May 22 (Reuters) - South Korea's Samsung BioLogics ( opens new tab said on Thursday it plans to split the company between its drug contract manufacturing business, and a business overseeing subsidiaries including biosimilar drug developer Samsung Bioepis as well as new investments.
