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Bioepis JV Sale To Provide Needed Cash To Biogen

Plus Independence For Korean Partner

 
• By Ian Haydock

Biogen may find itself with new business options after agreeing to sell its stake in the Samsung Bioepis biosimilars joint venture for up to $2.3bn.

Samsung Bioepis
Samsung Bioepis facility in South Korea • Source: Samsung Bioepis

Despite rumors swirling over the past few weeks that Samsung BioLogics might be considering acquiring Biogen, Inc. outright, the South Korean biosimilars giant has opted instead to buy out the two companies’ Samsung Bioepis Co., Ltd. joint venture, for an aggregate consideration of up to $2.3bn.

The agreement will provide a useful lump of cash to Biogen, which is facing much lower than anticipated US sales of its controversial Alzheimer’s disease drug Aduhelm (aducanumab; partnered with Eisai Co., Ltd

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