Samsung BioLogics has completed its full acquisition of Samsung Bioepis Co., Ltd., purchasing Biogen, Inc.’s 50% -1 equity stake in the former joint venture for $2.3bn. An initial payment of $1.0bn has now been made, with the remaining $1.25bn to be paid in instalments over the next two years.
Biogen Exits Joint Venture As Samsung Biologics Buys Out Bioepis
Sale Price Of $2.3bn To Be Paid Over Next Two Years
Biogen’s stake in Samsung Bioepis has been fully acquired by former partner Samsung Biologics, following an announcement of the deal in January.
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