John Rim, Samsung Biologics CEO

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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