It’s a remarkable honeymoon GSK and Samsung Biologics are enjoying. Already linked by one major deal, the companies have furthered their relationship with a larger contract.
In this one, U.K. drugmaker GSK will pay (PDF) Korean contract manufacturer Samsung Biologics $296 million in a deal that runs through 2030.
A regulatory filing that revealed the contract did not specify which medicines Samsung will produce. It did show that the contract figure adds up to nearly 27% of Samsung’s sales revenue in 2021.
The deal comes as Samsung is opening what it has dubbed its “Super Plant”—the fourth manufacturing facility at the company’s sprawling complex in Incheon, South Korea. Samsung spent $2 billion to build the Super Plant. In all, the company’s plans call for six factories to be constructed at the site as Samsung is making an ambitious push to become a major player in the CDMO arena.
In May of 2020, GSK and Samsung hooked up on a $231 million, eight-year deal to produce biologic products including lupus drug Benlysta.
That deal came on the heels of Samsung pairing with Vir Biotechnology on a $362 million contract to produce antibodies. That agreement also involved GSK as the company partnered with Vir in a COVID-19 antibody program.
By Kevin Dunleavy
Source: fiercepharma.com
CordenPharma announced its largest strategic investment to date, committing to spend ~€900m over the next three years to enhance its peptide technology platform. The planned investment consists of two major expansion initiatives occurring in parallel in the US and Europe, including both existing facilities and new constructions.
DSM-Firmenich has announced the sale of its MEG-3 fish oil business to KD Pharma Group, a contract development and manufacturing organisation that is active in pharmaceutical and nutritional lipids. As part of the transaction, DSM-Firmenich will obtain a minority stake of 29% in KD Pharma’s parent company O³ Holding GmbH.
Veranova, a development and manufacturing of specialist and complex APIs for the pharmaceutica l and biotech sectors, recently announced the appointment of Cécile Maupas as Senior Vice President, Chief Commercial Officer. Cécile will join the executive team and assume responsibility for business development, marketing, project management, commercial operations, and product management.
