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Samsung Biologics Wins KRW216 Billion CMO Contract

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Samsung Biologics (KRX:207940) secured a biologics contract manufacturing organization (CMO) contract from an undisclosed Asian pharmaceutical company, according to a Monday filing with the Korean Exchange.

The contract is valued at 215.9 billion won and is valid until Dec. 31, 2037.

Shares of Samsung Biologics rose nearly 1% in recent trade.

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