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Samsung to invest 300 billion won in biosimilars business

Published: 2011-03-02 06:59:00
Updated: 2011-03-02 06:59:00
Samsung Group said Friday it plans to set up a biopharmaceutical joint venture with Quintiles Transnational Corp., a U.S. drugmaker based in North Carolina.

The company said the joint venture will be established during the first half of this year, to be capitalized at 300 billion won ($265.5 million).

Samsung Group will have a 90-percent stake in the joint venture, with 40 percent being o...

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