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Samsung Biologics shares extended a rally Tuesday on upbeat sentiment that the company may be benefiting from US-proposed legislation that aims to restrict Chinese biotech firms from accessing the all-important American market. Last week, members of a bipartisan House Select Committee introduced a bill barring contracts with Beijing Genomics Institute and some Chinese biotech companies for their alleged connection wi. ....
By Anna J. Park As the year 2020 draws to a close, investors are closely eyeing SK Bioscience ― a subsidiary of SK Chemicals focused on developing and manufacturing vaccines and treatments ― as it could be the largest bio initial public offering of next year. Earlier this month, the contract development and manufacturing organization (CDMO) affiliate of SK turned in the necessary documents to the Korea Exchange (KRX) for its upcoming IPO. Normally, it takes the bourse operator two months to give the green-light for a company to go public. Given the usual timeline, SK Bioscience is expected to make its debut on the benchmark KOSPI market during the first half of 2021. ....