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Takeda, Samsung Bioepis Partner to Develop Novel Biologic Therapies

03:56 EDT 21 Aug 2017 | Genetic Engineering News

Korean biosimilars firm Samsung Bioepis announced a risk-sharing strategic collaboration with Takeda Pharmaceutical through which the firms will jointly fund and codevelop multiple novel biologic treatments for unmet disease areas. The partners will start work immediately on an initial candidate, TAK-671, for the potential treatment of severe acute pancreatitis. No financial details were disclosed. Samsung Bioepis president and CEO, Christopher Hansung Ko, said the deal marks the start of a new chapter for the firm, which was established in 2012.  “Five years ago, we entered the biopharmaceutical industry with a strong determination to transform the way therapies are brought to patients by replacing legacy processes with new and innovative ones. Together with Takeda, we look forward to realizing this vision by accelerating the development of effective therapies for patients who are currently without a viable treatment option.” “At Takeda, we think differently – and creatively – about ...

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