CALIFORNIA STATE BAR RECOMMENDS EX-TRUMP ATTORNEY JOHN EASTMAN BE DISBARRED FOR 2020 ELECTION EFFORTS

CALIFORNIA STATE BAR RECOMMENDS EX-TRUMP ATTORNEY ...

Photo Credit: ABC. Eastman was charged with multiple disciplinary counts by the state bar.The California State Bar has recommended that former Trum...

JUDGE TO RULE BY APRIL 17 ON DEFENSE MOTIONS IN HUNTER BIDEN TAX CASE

JUDGE TO RULE BY APRIL 17 ON DEFENSE MOTIONS IN HU...

Photo Credit: Getty Images The federal judge overseeing Hunter Biden's tax case in California heard several defense motions to dismiss th...

CAN WE TALK ABOUT TATE? THE ‘MANOSPHERE’ IN AUSTRALIAN SCHOOLS

CAN WE TALK ABOUT TATE? THE ‘MANOSPHERE’ IN AUSTRA...

Photo credit: Dan Peled Young fans of self-styled “manfluencers” like Andrew Tate, currently facing charges including rape in a Romanian court, are...

LEONARDO DICAPRIO SPARKS ENGAGEMENT RUMORS AS GIRLFRIEND VITTORIA CERETTI WEARS RING

LEONARDO DICAPRIO SPARKS ENGAGEMENT RUMORS AS GIRL...

Photo Credit: MARCA. Leonardo DiCaprio was spotted on the streets with girlfriend Vittoria Ceretti, who was wearing a ring on that finger.For many ...

CARGO SHIP HAD ENGINE MAINTENANCE IN PORT BEFORE IT COLLIDED WITH BALTIMORE BRIDGE, OFFICIALS SAY

CARGO SHIP HAD ENGINE MAINTENANCE IN PORT BEFORE I...

Photo Credit:Steve Helber. The cargo ship that lost power and crashed into a bridge in Baltimore underwent “routine engine maintenance” in port bef...

BEYONCÉ SHARES ‘COWBOY CARTER’ TRACK LIST AHEAD OF ALBUM, MENTIONS DOLLY PARTON AND WILLIE NELSON

BEYONCÉ SHARES ‘COWBOY CARTER’ TRACK LIST AHEAD OF...

Photo credit: Andrew Harnik Buckle up, cowpoke: On Wednesday, Beyoncé shared the track list for her forthcoming album, “Act ll: Cowb...

FORMER SEN. JOE LIEBERMAN, DEMOCRATS’ VP PICK IN 2000, DEAD AT 82

FORMER SEN. JOE LIEBERMAN, DEMOCRATS’ VP PICK IN 2...

    Photo credit: Jose Luis Magana Former U.S. Sen. Joe Lieberman of Connecticut, who nearly won the vice presidency on the D...

SEAN ‘DIDDY’ COMBS’ LAWYER SAYS RAIDS OF THE RAPPER’S HOMES WERE ‘EXCESSIVE’ USE OF MILITARY FORCE

SEAN ‘DIDDY’ COMBS’ LAWYER SAYS RAIDS OF THE RAPPE...

Photo Credit: Willy Sanjuan Sean “Diddy” Combs’ lawyer said Tuesday that the searches of the rapper’s Los Angeles and Miami properties by federal a...

BALTIMORE KEY BRIDGE COLLAPSE LIVE UPDATES: SEARCH AND RESCUE EFFORTS SUSPENDED

BALTIMORE KEY BRIDGE COLLAPSE LIVE UPDATES: SEARCH...

Photo credit: Jim Watson   A cargo ship crashed into Baltimore's Francis Scott Key Bridge early Tuesday morning, causing a near-tot...

ENTERTAINMENT

28-03-2024

CAN WE TALK ABOUT TATE? THE ‘MANOSPHERE’…

Photo credit: Dan Peled Young fans of self-styled “manfluencers” like Andrew Tate, currently facing charges including rape in a Romanian court, are incre...

Read more

BUSINESS

27-03-2024 By DAVE COLLINS

VISA, MASTERCARD SETTLE LONG-RUNNING ANT…

Photo Credit: Abc News Visa and Mastercard announced a major settlement with U.S. merchants on Tuesday, potentially ending nearly two decades of li...

Read more

LIFESTYLE

13-03-2024 By ABC NEWS

NEW MEXICO MAN DIES OF PLAGUE: HEALTH OF…

Photo credit: Getty Images A New Mexico man has died from plague in the state's first human fatality since 2020, according to health officials...

Read more

WORLD NEWS

27-03-2024 By MAT NASHED

SOUTH SUDAN ON THE BRINK AFTER OIL EXPOR…

Photo Credit: Michael Tewelde. Experts say that a halt in oil production could escalate already acute levels of violence and insecurity in South Sudan.Vi...

Read more

TECH

26-03-2024 By MICHAEL PORTER

FLORIDA’S DESANTIS SIGNS ONE OF THE COUN…

  Photo credit: Joe Burbank/Orlando Sentinel Florida will have one of the country’s most restrictive social media bans for minors — if it...

Read more

DIXAEM2VYBOUXANN3TWWHWCKLU

Photo Credit:Reuters

Samsung BioLogics (207940.KS) on Thursday denied a media report that said the South Korean firm was in talks to buy U.S. drugmaker Biogen Inc (BIIB.O).

Korea Economic Daily reported on Wednesday, citing investment banking sources, that Biogen had approached Samsung to buy its shares, which could be valued at more than $42 billion. Biogen is valued at $34.67 billion, according to Refinitiv data.

Samsung BioLogics, the biotech unit of Samsung Group, said in a regulatory filing that the report was "not true," without giving any more details.

 

Biogen said it does not comment on market rumors or speculation. Its stock closed up 9.5% on Wednesday.

Any such deal would be the biggest overseas acquisition ever by a South Korean company. The largest so far was in 2016, when Samsung Electronics bought auto electronics maker Harman International Industries in an $8 billion deal.

Samsung Group had said earlier this year 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. 

In June, Biogen's controversial Alzheimer's drug won U.S. regulatory approval, becoming the first new treatment for the memory-robbing disease in nearly 20 years, despite an outside advisory panel's view that the company had not proven the treatment's clinical benefits.

Biogen has been betting on the drug, Aduhelm, to buffer a hit as its main revenue drivers such as multiple sclerosis treatment Tecfidera and muscle disease treatment Spinraza face rising competition.

But U.S. sales from Aduhelm have been slower than expected as hospitals complained that the drug's high cost was not worth its benefits. The company cut its price by about half to $28,200 this month.

Biogen, which makes drugs for neurological diseases, currently has more than 30 new drugs in its pipeline.

You have no rights to post comments

HEADLINES

SPORTS HEADLINES

REGISTER TO RECEIVE DAILY BREAKING NEWS

Please enable the javascript to submit this form

RECENT NEWS

AROUND THE CITIES