News | September 13, 2023

Samsung Biologics Joins Strategic Investment In And Pursues A Research Collaboration With AimedBio To Foster Next-Generation Biotechnologies

Samsung Biologics has joined an equity investment in AimedBio, a Korean biotech company pioneering antibody-drug conjugate (ADC) technology. The investment was made through the Samsung Life Science Fund—a strategic investment fund set up by Samsung Biologics, Samsung C&T, and Samsung Bioepis, and managed by Samsung Venture Investment Corporation.

Based on multi-omics and AI-driven big data analysis of patient samples, AimedBio specializes in the discovery and development of life-saving medicines for patients with severe neurological diseases, such as brain cancer, Alzheimer’s disease, and Parkinson’s disease. AimedBio has also developed a robust therapeutic pipeline, including a first-in-class ADC experimental drug targeting FGFR3 for brain and bladder cancers, which is expected to enter clinical trials in 2024.

In addition to the investment, Samsung Biologics signed a research collaboration agreement to co-develop ADC toolbox technologies and a contract development agreement to support the development of AimedBio’s monoclonal antibody therapy for atopic dermatitis and dementia.

These agreements reflect Samsung Biologics’ commitment to exploring and developing innovative technologies for next-generation biomedicines. The Company plans to expand its business portfolio to include ADCs and is currently building its own separate ADC manufacturing facility with the goal to complete construction in 2024.

“We are pleased to support AimedBio for their pipeline of innovative candidates towards the clinic,” said John Rim, President and CEO of Samsung Biologics. “As part of our continued efforts in fostering next-generation technologies, we hope this investment paves the way for future collaborations on the development and manufacturing of new drugs.”

Source: Samsung Biologics