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Samsung revs up biotech business

2015-02-13 14:30:45| Semiconductors - Topix.net

Samsung Group is pouring resources to spur its lackluster biotechnology business as its next growth engine. Samsung BioLogics, the group's pharmaceutical unit, said Thursday it would issue new shares worth 146.1 billion won this month and use the secured cash on plant expansion and ongoing biosimilar projects.

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