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Biogen is promoting its stake in a pharmaceutical three way partnership with the South Korean conglomerate Samsung for $2.3 billion, the corporate mentioned Thursday, bolstering the drugmaker’s steadiness sheet.
Beneath the settlement, Samsung Biologics is buying Biogen’s possession in Samsung Bioepis, which manufactures off-patent variations of biologic medicines referred to as biosimilars. Biogen will get $1 billion in money as soon as the deal closes, adopted by $1.25 billion paid out over two years. The three way partnership, based in 2012, has six accepted biosimilars and 5 extra in improvement.
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