Seoul, Nov 20 || Samsung Biologics said on Wednesday it has won two new contract manufacturing deals with a combined value of 930.4 billion won ($667.7 million) from a Europe-based biopharmaceutical firm.
The deals, set to last until the end of 2031, are valued at 752.4 billion won and 178 billion won, respectively, according to the company's regulatory filing. Other details remained undisclosed under a confidentiality agreement.
Samsung Biologics said it has secured a total of 11 deals with a combined value of 5.29 trillion won so far this year, reports news agency.
It marks the first time the accumulated value of the company's deals surpassed the 5 trillion won mark annually.
Last year, the company sealed deals worth a combined 3.5 trillion won.
Last month, Samsung Biologics signed a deal worth $1.24 billion for contract manufacturing from an Asia-based biopharmaceutical firm.
The deal will last until the end of 2037, the company said in a regulatory filing. Other details remained undisclosed under a confidentiality agreement.
Samsung Biologics said the deal reaches almost half of the value of its combined manufacturing deals for last year at 3.5 trillion won ($2.53 billion).