Samsung Biologics is currently setting up Plant 4, which is anticipated to become partially operational in October this year. Credit: Samsung Biologics.

Samsung Biologics has concluded the acquisition of Biogen’s stake in the Samsung Bioepis joint venture in a deal valued at $2.3bn. 

In January this year, Samsung Biologics signed an agreement for the stake acquisition.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

As per the terms of the deal, Samsung Biologics made the initial payment of $1bn in cash and completely acquired Samsung Bioepis as its fully owned subsidiary. 

Samsung Biologics plans to make the remaining $1.3bn payment in instalments over a period of two years.

The acquisition was funded by the company through a portion of $2.5bn (KRW3tn) paid-in capital increase obtained by issuing new shares.

Furthermore, the proceeds will be utilised to support the strategic growth plans of Samsung Biologics. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The purchase of the JV will offer Samsung Bioepis enhanced autonomy and agility in business operations, expediting growth in sales and greater operating margins.

It will also provide the company with biosimilar development expertise and future performance in the development of new drugs. 

Till date, Samsung Bioepis introduced five biosimilars across the globe with three in autoimmune and two in oncology sectors. 

In addition, a product is about to be made available in the market with four biosimilars currently in Phase III clinical trials.

Samsung Biologics CEO and president John Rim said: “The announcement marks a significant milestone for Samsung Biologics in our continued venture into the biosimilar business and accelerating biosimilar growth. 

“By leveraging our extensive experience as a leading CDMO, we will further contribute to saving lives of the patients and address a wide array of diseases.” 

At present, the company is setting up Plant 4, which is anticipated to become partially operational in October this year. 

It is also working on obtaining additional 350,000m² land for Bio Campus II, which is planned to be 30% bigger than the existing site.