Amidst large investment from parent company, Samsung Biologics seeks to ramp up biotech funding
During Endpoints News’ time in San Diego for #BIO22, it was hard to miss all the Samsung Biologics signs plastered alongside the highway to the airport, adorning nearly every lamp post. However, advertising is not the only place where Samsung is looking to spend.
Last month, it was reported that South Korea’s Samsung Group raised spending by more than 30% to KRW 450 trillion, or around $360 billion, to invest in several lines of business including electronics and biotech, among others. Samsung Biologics CEO John Rim spoke to Endpoints at #BIO22 to discuss how this investment will affect the biotech arms of one of South Korea’s largest conglomerates.
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