Press release
Empire Asset Investments Follows Samsung’s Drug-Manufacturing Unit Plans To Go Public
Thursday last week South Korea’s Samsung announced a plan to list shares of its drug-manufacturing unit on Seoul’s stock market as it eyes the bio-medical business as a new engine for growth.Samsung Biologics’ board members agreed Thursday to list the firm’s shares on Seoul’s main Kospi bourse by the end of this year in a step to fund more investment, the firm said in a statement.
The firm produces biopharmaceutical drugs for major companies including Bristol-Myers Squibb and Roche at plants west of Seoul as a manufacturing contractor.
The firm was created in 2011 after Samsung Group announced a plan to invest 23 trillion won ($20 billion) in healthcare and green energy over the next decade.
It is jointly owned by several Samsung units, with Samsung Electronics, the group’s flagship unit and the world’s top smartphone maker, holding a nearly 50-percent stake.
The global biopharmaceutical industry is expected to grow to almost $278 billion by 2020 due to the world’s increasingly ageing population, the company said.
Its third plant, scheduled for completion in 2018, is expected to make the company the world’s top contract drug manufacturer in terms of production capacity, it added.
Samsung—South Korea’s largest business group -- has been seeking new growth engines as global demand slows in its core mobile phone business.
It announced in 2010 five new engines for growth, electric vehicle batteries, light-emitting diodes, biomedicine, medical equipment and solar batteries.
Biologics, unlike chemically synthesized drugs, are made up of organic, live substances such as plant or animal cells and are more complex to research and manufacture.
Samsung’s choice to move into the biopharmaceutical industry should prove to be a very wise move as the worlds ageing population grows rapidly and the biopharmaceutical needs will grow rapidly also stated Lee Goodman Investment analyst for Empire Asset Investments.
Empire Asset Investments is one of the world's leading investment organizations. Our primary focus is targeting promising business opportunities at their start-up or initial growth stages.
Our time-proven and tested strategies have been developed through our experienced leadership network and unsurpassed sector knowledge.
New York-based Empire Asset Investments provides sophisticated forex, bullion and commodities trading solutions to institutional and private investors.
110 Wall Street, 4th Tower Suite 9001
10005
New York, NY
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Empire Asset Investments Follows Samsung’s Drug-Manufacturing Unit Plans To Go Public here
News-ID: 344167 • Views: …
More Releases from Empire Asset Investments

Empire Asset Investments Looks At Omen X HP’s insane new gaming PC
In recent news Hewlett-Packard which launched its Omen sub-brand of gaming PCs back in May, has rolled out its newest desktop gaming PC offering. It’s absolutely ridiculous in the best kind of way.
The Omen X is a computer like a Ferrari is a car. Let’s start with its case, which looks like something straight out of “Hellraiser.” A 60-pound behemoth, the Omen X houses its components in a cube that…

Empire Asset Investments Looks Into Sony’s Plans To Unveil Two PlayStation Con …
Sony will debut a redesigned version of its standard PlayStation 4 along with a higher-end PlayStation 4, codenamed “Neo,” during a press event on Sept. 7, according to The Wall Street Journal. Sony revealed the existence of its PS4 “Neo” back in June, but the redesigned PS4 is a new development.
As Polygon and Kotaku point out, the redesigned PS4 popped up in a listing on the online classified site Gumtree.…
More Releases for Samsung
Virtual Personal Assistants (VPA) Market Gain Momentum | Major Giants Apple, Sam …
Global Virtual Personal Assistants (VPA) Market Report - Production and Consumption Professional Analysis is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Virtual Personal Assistants (VPA) Market. Some of the key players profiled in the…
Artificial Intelligence for Security Market to Witness Huge Growth | Samsung, IB …
The Global Artificial Intelligence for Security Market study describes how the technology industry is evolving and how major and emerging players in the industry are responding to long term opportunities and short-term challenges they face. One major attraction about Artificial Intelligence for Security Industry is its growth rate. Many major technology players - including IBM (United States), Micron (United States), Samsung (Korea), NVIDIA (United States), Intel (United States), Xilinx (United…
Samsung Pay Market is Booming Worldwide with Samsung Pay, Apple Pay, Google Pay
HTF Market Intelligence released a new research report of 23 pages on title 'Samsung Pay - Competitor Profile' with detailed analysis, forecast and strategies. The study covers key regions that includes North America, LATAM, United States, GCC, Southeast Asia, Europe, APAC, United Kingdom, India or China etc and important players such as Samsung Pay, Apple Pay, Google Pay, Alipay, Tenpay, Samsung Electronics, Visa, Mastercard.
Request a sample report @ https://www.htfmarketreport.com/sample-report/3587660-samsung-pay-competitor-profile
Summary
Samsung…
Samsung Galaxy A Series 2019
The new Samsung Galaxy A series has proven to be an excellent lineup of offers with high end specifications and features such as a multi-lens camera, new infinity display, new Samsung One UI software, in-display fingerprint scanner, higher capacity batteries with fast charging, more powerful SoCs and increased RAM and Storage. The Galaxy A series has become even more diversified this year and comprises of seventeen smartphones – Galaxy A10e,…
Global Next-generation Battery Market 2018 - GS Yuasa, Samsung SDI, BYD, Hitachi …
The report covers competitive scenario of Global Next-generation Battery Market parameter likes growth trends, structure, driving factors, scope, opportunities, challenges, vendor landscape analysis and so on, is discussed in the report. The report describes industry improvement speed, current status and segmentation of this industry on the basis of both Next-generation Battery market leading players, and crucial areas, services, products forms and thus forth. This report analysis is standing and prediction…
Canon USA, Epica Medical Innovations, Siemens, Samsung Electronics, Philips, Hit …
The Veterinary CT scanner market Report deliver comprehensive analysis of the market structure along with forecast of the various segments and sub-segments of the market. Various key factors are discussed in the report, which will help the buyer in studying the Veterinary CT scanner market on competitive landscape analysis of prime manufacturers, trends, opportunities, marketing strategies analysis, Market Effect Factor Analysis and Consumer Needs by major regions, types, applications in…