South Korea's Celltrion says is preferred bidder to acquire pharma company to offset US tariff risk
29/07/2025 02:10
SEOUL, July 29 (Reuters) - South Korean pharmaceutical company Celltrion 068270.KS said on Tuesday that in a bid to offset the risk of U.S. tariffs it had become the preferred bidder to acquire an unnamed pharmaceutical company with a U.S. production facility. Celltrion's CEO said it planned to invest 700 billion won ($503.78 million) in the factory. (Reporting by Joyce Lee and Hyunjoo Jin Editing by Ed Davies) ((joyce.lee@tr.com;))
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