BiologicsFinancial

Vir Bio inks $362M Covid-19 contract manufacturing deal with Samsung Biologics

April 12, 2020 / By ALARIC DEARMENT

A small biotechnology company focused on antiviral drugs that has lately gained prominence in the fight against Covid-19 has added a division of one of Korea’s largest business conglomerates to its growing portfolio of big-ticket biopharma partnerships.

San Francisco-based Vir Biotechnology said Thursday that it made a partnership with Songdo, South Korea-based Samsung Biologics. The deal focuses on large-scale manufacturing of monoclonal antibodies against SARS-CoV-2 and builds on two deals that Vir had previously announced, namely its manufacturing agreement with China-based WuXi Biologics and a letter of intent with Cambridge, Massachusetts-based Biogen. The Samsung Biologics deal is worth about $362 million, and the manufacturer is expected to start manufacturing as early as October and produce potential commercial batches of the drug starting in 2021.

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Chris J. Stewart

Chris currently serves as Chief Executive Officer of Surgio Health as well as COO at Ortho Spine Partners. Chris has close to 20 years of healthcare management experience with an infinity to improve healthcare delivery through the development and implementation of innovative solutions that solve real problems that result in improved efficiencies, reduction of unnecessary financial & clinical variation, and help drive better patient outcomes. Previously, Chris was assistant vice president and business unit leader for HPG/HCA. He has presented at numerous healthcare forums on topics that include disruptive innovation, physician engagement, shifting reimbursement models, cost per clinical episode and the future of supply chain delivery.

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