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

© Reuters. FILE PHOTO: A vial containing the Moderna COVID-19 vaccine is seen at a short lived vaccination middle of Swiss Medix well being middle because the unfold of the coronavirus illness continues, within the Offene St. Jakob Kirche Reformed church in Zurich, Switzerland Could

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

The settlement was a part of Moderna Inc and Novavax (NASDAQ:) Inc coming into right into a cope with the South Korean authorities to fabricate their COVID-19 vaccines.

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

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