Biogen Tests Biosimilars Waters In Joint Venture With Samsung

A joint venture with Korean conglomerate Samsung will be limited to making generic versions of non-Biogen products, although Samsung separately is working on a biosimilar of rituximab.

Biogen Inc.’s joint venture with Samsung Electronics Co. Ltd.to develop biosimilars for the global market, including the U.S., provides the U.S. biotech with entrée into the fast-moving biosimilars space, an area CEO George Scangos has called of interest, even as his company remains intensely focused on moving forward with its rich pipeline of innovative drugs.

At the same time, it offers a clear advancement for Samsung as that company looks to break into the broader...

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