The deal marks the largest M&A in South Korea's pharma and biotech industry, targeting the obesity drug market
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Summary
Samsung Biologics announced on the 20th through a disclosure that it has signed an acquisition agreement with PolyPeptide Group, a global peptide CDMO company based in Switzerland. PolyPeptide Group was spun off from the peptide division of global pharmaceutical company Ferring in 1996. GLP-1 class drugs, which are leading the obesity treatment market, are representative peptide drugs.
Furthermore, It is headquartered in Basel, Switzerland, and has a track record of developing and producing over 1,000 peptide therapeutics.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
Samsung Biologics announced on the 20th through a disclosure that it has signed an acquisition agreement with PolyPeptide Group, a global peptide CDMO company based in Switzerland.
reliability low1/2 sourcesPolyPeptide Group was spun off from the peptide division of global pharmaceutical company Ferring in 1996.
reliability low1/2 sourcesGLP-1 class drugs, which are leading the obesity treatment market, are representative peptide drugs.
reliability low1/2 sources
Reported detailssecondary facts, each attributed to its source
It is headquartered in Basel, Switzerland, and has a track record of developing and producing over 1,000 peptide therapeutics.
according to Maeil Business
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