Samsung Biologics contradicted reports that it will be producing Pfizer’s coronavirus vaccine. There were news going around saying the South Korean biotechnology company headquartered in Incheon is set to start the production of the said American pharmaceutical corp’s COVID-19 vaccine soon.
False manufacturing deal report?
As per The Korea Herald, Samsung Biologics said that the report that was published by the Korea Economic Daily was “not factual.” In the report, it was claimed that the Korean firm is in talks with Pfizer for a manufacturing deal.
An unnamed source from the government allegedly said, “If all goes well, the company will be able to begin mass production of the vaccine in August at the earliest.”
However, Samsung Biologics is saying there is no such deal and not even a discussion about any contract to produce the vaccines for Pfizer. Besides, the American pharma company does not appear to have a problem in producing huge amounts of vaccine doses by itself.
In fact, Bloomberg reported just last week that Pfizer and BioNTech can produce as many as 3 billion doses of their coronavirus vaccine in this year alone. This is said to be more than double the number that the company’s partners had predicted six months ago.
What’s more, Pfizer and BioNTech are reportedly further increasing their production capacity for next year. They are aiming to manufacture more than 3 billion vials of the vaccine. The boost in production comes as the demand has also surged around the world.
Pfizer also deny production outside of its manufacturing lines
It was reported that Pfizer is exclusively manufacturing its own vaccine in its two dedicated supply lines located in Europe and the U.S. The doses made here are for global distribution.
“At this time, we are not in discussions for any additional manufacturing outside these established supply lines for this vaccine,” Pfizer said. “Once the pandemic supply phase is over and we enter a phase of regular supplies, Pfizer will certainly evaluate all additional opportunities available.”
Meanwhile, South Korea is one of the countries that are waiting for deliveries of Pfizer vaccines. It was said that the Korean government has a contract with the vaccine maker for the supply of 66 million doses of its COVID-19 vaccine.


South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan
Oil Prices Slip as Iran Talks and Strong Supply Outlook Ease Market Concerns
TetherMax Rebranding Highlights Official Exchange Partnerships as Foundation of Trust
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO
Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls
US Resumes Dollar Shipments to Iraq After Months-Long Suspension
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch
Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 



