Samsung BioLogics' shares slide again; unit's valuation jump questioned [Reuters]
Biogen Inc. (BIIB)
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Source: Reuters
Samsung BioLogics' shares slide again; unit's valuation jump questioned | Reuters Reuters Staff 4 Min Read * Co increased unlisted unit’s valuation by 18 times in 2015 * Co says followed accounting rules, experts’ recommendation * Shares fall 3.5 pct after Wednesday’s up to 20 pct drop By Joyce Lee and Ju-min Park SEOUL, May 3 (Reuters) - Shares in South Korea’s Samsung BioLogics Co Ltd fell 3.5 percent on Thursday, a day after losing almost $6 billion in market value as the contract biotech drugmaker was hit by a regulatory probe into its accounting rules. South Korea’s financial regulator said earlier this week it had given preliminary notice to BioLogics, an affiliate of tech giant Samsung Electronics, and its auditors of measures it could take concerning breach of accounting rules. While the regulator did not elaborate, some lawmakers and an activist group have previously said BioLogics breached rules to inflate net profit before its 2016 listing. The drugmaker has denied it breac
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News
- Global Pulmonary Fibrosis Biomarkers Market Size To Exceed USD 6.1 Billion By 2033 | CAGR of 4.3% [Yahoo! Finance]Yahoo! Finance
- Biogen Inc. (NASDAQ: BIIB) had its price target lowered by analysts at Bank of America Co. from $280.00 to $260.00. They now have a "neutral" rating on the stock.MarketBeat
- Biogen Inc. (NASDAQ: BIIB) had its price target lowered by analysts at JPMorgan Chase & Co. from $270.00 to $240.00. They now have a "neutral" rating on the stock.MarketBeat
- Global Immunomodulator Market Valuation Set to Total a Staggering US$ 178 Billion by 2034, Spurred by Spike in Chronic Disease Prevalence [Yahoo! Finance]Yahoo! Finance
- Biogen Inc. (NASDAQ: BIIB) had its price target lowered by analysts at Barclays PLC from $230.00 to $215.00. They now have an "equal weight" rating on the stock.MarketBeat
BIIB
Earnings
- 2/14/24 - Miss
BIIB
Sec Filings
- 4/12/24 - Form PRE
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- BIIB's page on the SEC website