Samsung BioLogics shares rise after agrees to make Moderna COVID-19 vaccine By Reuters

May 24, 2021 admin Stock News 0

© Reuters. FILE PHOTO: A vial containing the Moderna COVID-19 vaccine is seen at a temporary vaccination center of Swiss Medix health center as the spread of the coronavirus disease continues, in the Offene St. Jakob Kirche Reformed church in Zurich, Switzerland May

SEOUL (Reuters) – Shares in South Korean drug contract manufacturer Samsung (KS:) BioLogics rose as much as 5.2% in early Monday trade, after it agreed to fill-finish manufacture Moderna (NASDAQ:)’s COVID-19 vaccine.

The agreement was part of Moderna Inc and Novavax (NASDAQ:) Inc entering into a deal with the South Korean government to manufacture their COVID-19 vaccines.

The wider market was down 0.2% as of 0007 GMT.

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