Samsung Biologics reaches record-breaking annual orders
Dae-Kyu Ahn
Nov 28, 2023 (Gmt+09:00)
Samsung Biologics Co., the world’s top contract manufacturing organization (CMO) by capacity, surpassed the annual contract manufacturing order amount of 3 trillion won ($2.3 billion) for the first time, experiencing a sharp increase.
The company announced on Tuesday that it secured five CMO contracts with an Asian pharmaceutical company. It did not disclose the name of the ordering company and product as per the request of the contracting party.
The order amounts through new and expanded contracts are 588.8 billion won ($456 million) and 171.9 billion won ($133 million), respectively, resulting in a total increased order amount of 760.8 billion won ($588.6 million).
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