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Samsung Biologics, AstraZeneca expand tie-up to include COVID-19 and cancer therapy

Published 14/12/2021, 01:59
Updated 14/12/2021, 02:00

(Reuters) - Samsung (LON:0593xq) Biologics Co Ltd said on Monday it would continue its partnership with AstraZeneca (NASDAQ:AZN) Plc on manufacturing biopharmaceuticals.

Samsung said production of drug substance and drug product is valued at about $380 million, up from the initial $331 million after the companies expanded the deal this year in May 2021.

© Reuters. FILE PHOTO: A company logo is seen at the AstraZeneca site in Macclesfield, Britain, May 11, 2021. REUTERS/Phil Noble

The company said it would start to manufacture a cancer immunotherapy product from next year along with AstraZeneca's COVID-19 long-acting antibody (LAAB) combination, AZD7442.

Samsung Biologics CEO John Rim said, "We are delighted to continue expanding our strategic collaboration with AstraZeneca, a valuable partner we have witnessed first-hand to have a strong commitment to saving lives of patients".

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