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Celltrion and Samsung duel shaping up as both pledge billions of dollars to biologics

Discussion in 'Pharma/Biotech Companies - In the News' started by cafead, May 17, 2019 at 7:52 PM.

  1. cafead

    cafead Administrator
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    via A biologics arms race of sorts appears to be shaping up in South Korea. Celltrion Chairman Seo Jung-jin said on Thursday that the conglomerate will spend about $33.6 billion on its pharma business over the next decade. The pledge comes just months after competitor Samsung said it will spend $22 billion in much the same way.

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