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Samsung Bioepis Reports Year Over Year Revenue Growth of 31%

Apr 24, 2024

Samsung Biologics revealed in its Q1 2024 Earnings that its subsidiary Samsung Bioepis has experienced year over year revenue growth of 31% and year over year operating profit of 6%, driven by sales expansion of its newly launched products.

Biosimilar highlights for Q1 2024 are reported to be the EC approval in April 2024 of Pyzchiva® (SB17, biosimilar to Janssen’s Stelara® (ustekinumab)); the Korean approvals of EpzystekTM (SB17, ustekinumab) in April 2024, Afilivu® (SB15, biosimilar to Regeneron’s Eylea® (aflibercept)) in February 2024, and Episcli® (SB12, biosimilar to Alexion’s Soliris® (eculizumab)) in January 2024; the initiation of a global phase 1 clinical trial for SB27 (biosimilar to MSD’s Keytruda® (pembrolizumab)) in February 2024; and commencement of direct sales in Korea of SB2 (infliximab), SB4 (etanercept) and SB5 (adalimumab).