Binex shares boosted by Samsung Electronics acquisition

Shares of Binex Co., a Korean pharmaceutical firm, were boosted on August 13 by expectations that Samsung Electronics Co., the world's second-largest maker of chips and mobile phones, will acquire Binex as part of efforts to enter the global bio-similar market.

Binex shares hit a record high of 27,600 won at one point from 9,060 won in August 5.

Analysts increased its target price for the...