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Samsung Group in talks to buy U.S. drugmaker Biogen - Korea Economic Daily

Wednesday, December 29, 2021
Samsung Group in talks to buy U.S. drugmaker Biogen - Korea Economic Daily © Reuters. FILE PHOTO: Employees of Samsung Group work at the company's headquarters in Seoul April 22, 2008. REUTERS/Jo Yong-Hak

(Reuters) - South Korea's Samsung (KS:005930) Group is in talks to buy U.S. drugmaker Biogen Inc (NASDAQ:BIIB), Korea Economic Daily reported on Wednesday, citing investment banking sources.

The report said Biogen approached Samsung to buy its shares, which could be valued at more than $42 billion.

Biogen is currently valued at $34.67 billion, according to Refinitiv data.

Biogen won U.S. regulatory approval for its drug for memory-robbing Alzheimer's disease in June, despite an outside advisory panel's view that Biogen had not proven the treatment's clinical benefit.

Samsung Group in August said it will invest 240 trillion won ($206 billion) in the next three years to expand its footprint in biopharmaceuticals, artificial intelligence, semiconductors and robotics in the post-pandemic era.

Biogen and Samsung did not immediately respond to Reuters request for comment.

Shares of Biogen were up 11% in afternoon trading.

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27-01-2022 02:47:36 (UTC+7)

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 GBP/USD1.3420↑ Sell
 USD/JPY114.78↑ Buy
 AUD/USD0.7071↑ Sell
 USD/CAD1.2719↑ Buy
 EUR/JPY128.65Neutral
 EUR/CHF1.0378Neutral
 Gold1,809.95↑ Sell
 Silver23.163↑ Sell
 Copper4.4340Neutral
 Crude Oil WTI87.04↑ Buy
 Brent Oil88.46↑ Buy
 Natural Gas4.077↑ Sell
 US Coffee C238.13↑ Sell
 Euro Stoxx 504,164.60Neutral
 S&P 5004,349.93↑ Buy
 DAX15,459.39↑ Buy
 FTSE 1007,469.78↑ Sell
 Hang Seng23,746.00↑ Buy
 Small Cap 20001,971.72Neutral
 IBEX 358,620.20↑ Sell
 BASF67.310↑ Buy
 Bayer51.55↑ Buy
 Allianz224.80↑ Sell
 Adidas243.20↑ Sell
 Lufthansa7.067↑ Sell
 Siemens AG141.24Neutral
 Deutsche Bank AG11.420↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,195/ 6,235
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SJC Danang6,185/ 6,247
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SJC Nhatrang6,185/ 6,247
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