Dailypharm Live Search Close

Samsung BioLogics did not receive 45.5 billion won

By | translator Choi HeeYoung

22.12.27 06:17:15

°¡³ª´Ù¶ó 0
Samsung BioLogics won an order for the 2019 AIDS treatment Cytodyn CMO


 ¡ãCytodyn Main Pipeline (Data = Cytodyn)

Samsung BioLogics has been in conflict with U.S. bio company Cytodyn over the past year to pay for commissioned production (CMO). Conflicts have continued for a year as Cytodyn is overdue the promised cost of the biopharmaceutical CMO. Late payments more than doubled from $13.5 million (17.2 billion won) in January this year. According to the U.S. Securities and Exchange Commission on the 26th, Cytodyn told Samsung BioLogics in a third-quarter report that the balance of overdue payments related to Leronlimab CMO was $35.7 million.

Cytodyn is an American bio company that is developing AIDS, cancer, non-alcoholic fatty hepatitis (NASH), and COVID-19 candidates. In May 2019, Samsung BioLogics signed a cont

(jin@dailypharm.com)
If you want to see the full article, please JOIN US (click)