Connect with us

News

Samsung Biologics US Expansion: Future Plans & Overseas Considerations

Published

on


Samsung Biologics (now referred to as ‘The Company’) takes into account the construction of its bio plants in four states of the USA: California, Texas, North Carolina & Washington. It would be its first overseas production facility.

John Rim was appointed as the new Samsung Biologics CEO on DEC 20 and noted that major bio-arrays are located in these 4 states.

Incheon, a South Korean city bordering the capital of Seoul, has long been a transportation hub, where the company saw to acquire more land for its Plant in 4 expected to run in the Q2 of 2023. However, it could not be finished for reasons of the local elections where the company, Mayor & Commissioner of the free economic zone weren’t able to sign a contract.

Songdo International Business District is a smart city or “ubiquitous city” & “Private town, “where the company plans to build Plant 5 & plant 6 by the end of May if demand and supply are as expected. The company was established in 2011 and currently has three contract development and manufacturing organization (CDMO) plants in Songdo, Incheon, ranks it first place CDMO by capacity globally.CDMO develops a client’s products and also takes charge of mass production.

From 50 to 6000 employees in 2011 currently, The Company has a good professional record regarding CDMO’s fast operations for clients and completing deadlines.

“As of second quarter this year, we have accumulatively secured contracts worth $ 7.9 billion through 2028, but the figure could go up to strongest $ 12 billion or more .”
-John Rim

This statement suggests that the deals and acquisition possibilities are considered much more worthy.
According to the Rim, Samsung Biologics has readiness in the business & CES (Chief Engineering Services). Contract Developments & Manufacturing Organizations (CDMOs) competitors Lonza has been defeated by the company and has an advantage over others like Fuji and WuXi Biologics as it has confidence in its manufacturing facility, which can be erected and function in about 2 to 2.5 years.

Often dubbed as CES of biopharmaceuticals, The company placed a booth at BIO USA 2022 in San Diego from June 13 to 16.

John Rim also welcomed the native competition from another new entry & rival, Lotte, with its booth, as he pointed out it would prove beneficial for S.Korea and generate more growth.

No backing is available now; Rim requested support from Govt. for CDMO business.
John is also considering Ireland’s talks with the respective Government for constructing a plant there while keeping the US as a priority.

Emphasizing that ‘speed’ and ‘talented’ employees are the two edges of Samsung Biologics, said Rim in his first offline press conference with Korean reporters since he was appointed the CEO in December 2020 at BIO International Convention (BIO USA) on Monday.

“It normally takes four years to construct a facility, but we are nearly two times faster than our competitors; we have many young talented employees, and smart people largely contributed to the growth of Samsung Biologics.”
–John Rim.

John explained The company will start new drug development in the future but is also skeptical of the future of the cell and gene therapy industry, implying two further statements, respectively.

“Starting clinical trials does not mean anything; the success rate of developing a new drug stands at less than 10 percent, It is a very high-risk sector, and we definitely need a step-by-step approach.”
-Rim.
“Many companies worldwide have constructed their cell and gene therapy plants, and many of them are up for sale already as it is not yet a profitable sector. The time is not yet ripe for it.”
-Rim.

While securing companies like AstraZeneca, GlaxoSmithKline, Eli Lilly, and Moderna as customers
and signing deals of $7.9 billion until now. The Company also has many big global pharmaceuticals as clients.

Earlier in the year, Samsung Electronics announced to invest 450 trillion won ($350 billion)during the next five years in future businesses like SC, Foundry, and Biopharma.

Sources & References :


Harsh is a seasoned technology enthusiast with a deep passion for Android. Since its announcement in 2007, he has closely followed the evolution of this operating system, gaining a comprehensive understanding of its features and capabilities. His background in Android, IT, and Journalism has equipped him with the skills to analyze and present complex technological concepts in a clear and engaging manner. As the Editor-in-Chief at Samlover.com, Harsh is dedicated to sharing his knowledge and experiences about Android, services, and applications with the world.

News

New Galaxy Phone In Existence: Samsung Galaxy M35 5G Spots On Geekbench 

Published

on

By


The Korean brand – Samsung has recently announced its two mid-range Galaxy smartphones – Galaxy A55 5G and Galaxy A35 5G. A new benchmark listing has a spot for Samsung’s affordable smartphone, Galaxy35 5G.  

Samsung is now gearing up for its next affordable Galaxy smartphone, the M35 5G, as the  reports are unvunveilhey have found a new benchmark listing for Samsung the Galaxy M35 5G. 

The smartphone has been spotted with the model number as an identification code – SM-M356B on the Geekbench 6.2.2 database. Not only this, but it also confirmed the presence of 6GB of RAM and Android 14 OS. The chipset also came to know which is the latest Exynos 1380. 

The codename for the motherboard is also mentioned, which is ‘s5e8835.’ The reports say that it has scored 656 and 1967 points in performance scores on the benchmarking platform. Exynos 1380 is the latest chipset of the Korean brand, which is a 5 nm processor. It consists of 4 Cortex A78 cores, which clock at 2.4GHz, and 4 Cortex A55 cores, which clock at 2.0GHz. It is coupled with a Mali g68 MP5 GPU. It also has an AI Engine. 

This also offers connectivity options, which include the latest Bluetooth version 5.3 and Wi-Fi 802.11 ax with three bands. It supports a camera resolution of at least 200MP for capturing images, and for video recording, there is support for up to 30fps 4K recording. The storage supported is UFS v3.1, and RAM will be of the LPDDR4x/5 type. 

Samsung has recently debuted its two smartphones, Galaxy A55, and Galaxy A35; the Galaxy A35 5G smartphone is powered by Exynos 1380 chipset. From this perspective, Galaxy M35 5G could be a variant of Galaxy A35. 

At the moment, no specs and features of the device have been revealed or leaked. Still, since Galaxy M series smartphones usually have a bit higher battery power of at least 6000mAh, the forthcoming Galaxy M35 5G smartphone also arrives with the same battery power. 


Continue Reading

Firmware

Verizon rolls out the March 2024 security patch update for the Galaxy Z Fold 3 and Galaxy Z Flip 3 devices 

Published

on


Verizon has rolled out the March 2024 security patch update for the Galaxy Z Fold 3 and Galaxy Z Flip 3 devices. Earlier, these devices had received the same update outside the US, but now they are gradually expanding to the US.

The Galaxy Z Fold 3 and Galaxy Z Flip 3 are spotted getting new updates with the firmware version numbers F926USQS5HXBD and F711USQS6HXBD, respectively. It is worth noticing the update is currently available for the devices locked to Verizon, but it will soon be available on more carriers. 

For your information, the latest update for Galaxy Z Fold 3 and Galaxy Z Flip 3 doesn’t bring any significant changes, but as it is the latest security patch, it will provide some internal fixes to maintain the security of the devices.

If you are getting some other issues from the last update, you should also update the device to the latest update, as it may also address some issues. Along with the update, other improvements may also be made to enhance the overall performance of the devices.

Suppose you use the Galaxy Z Fold 3 or Flip 3 device in the US. In that case, you can update the device to the latest version by simply going to the system settings and then to the software update. If you haven’t received the update, you should wait for some time, as it may arrive in the next few days.


Continue Reading

Firmware

Samsung rolls out the March 2024 security patch update for the Galaxy S23 FE devices in the US

Published

on

By


Samsung has rolled out the March 2024 security patch to almost all devices but still needs to complete the update distribution to all eligible devices. So, gradually expanding the update to remaining devices, the company has started rolling out the update for the Galaxy S23 FE in the US.

Notably, the Galaxy S23 FE devices are getting a new update in the carrier-unlocked version with the firmware version number S711U1UES2BXBF. The update has already been rolled out to almost all carriers, including AT&T, Bluegrass Cellular, C-Spire, Cellular South, Comcast, Cricket, DISH, MetroPCS, T-Mobile, Tracfone, US Cellular, Verizon, and Xfinity Mobile.

According to the official changelog, the March 2024 security patch is one of the standard maintenance updates that provides some internal improvements for the device, and there will be no visible changes available. In other words, users may experience some improvement in the functioning of devices, but it doesn’t particularly bring any specific changes for the device.

Going to the details, the March 2024 security patch includes more than 40 fixes, 37 of which are provided by Google and address the issues found in the Android OS, while 9 more features are introduced by Samsung that enhance the performance of Galaxy devices exclusively.

Suppose you are using the Galaxy S23 FE in the US. In that case, you can update the devices to the latest version by following the simple steps: first, go to the system settings, tap on the software update, and tap on the download and install button; if it shows a new update available, tap on the download button.


Continue Reading