{"id":49384,"date":"2024-07-11T08:03:27","date_gmt":"2024-07-10T23:03:27","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=49384"},"modified":"2024-07-11T08:33:43","modified_gmt":"2024-07-10T23:33:43","slug":"samsung-invests-in-flagship-pioneering-fund-viii","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2024-07-samsung-invests-in-flagship-pioneering-fund-viii\/","title":{"rendered":"Samsung invests in Flagship Pioneering Fund VIII"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"49384\" class=\"elementor elementor-49384\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-436416e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"436416e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ce6dc4b\" data-id=\"ce6dc4b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-58bf0fc elementor-widget elementor-widget-text-editor\" data-id=\"58bf0fc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Seoul, Korea, July 11, 2024 &#8211; Samsung C&amp;T Corporation, Samsung Biologics, Samsung Bioepis and Samsung Venture Investment Corporation (collectively hereinafter referred to as &#8220;Samsung&#8221;) announced today an investment into Flagship Pioneering Fund VIII (\u201cFund VIII&#8221;) to help fuel breakthrough innovations in human health and sustainability.<\/p>\n<p>In addition to the strategic partnership that Flagship Pioneering (hereinafter referred to as &#8220;Flagship&#8221;) and Samsung announced last January, the investment into Flagship Pioneering Fund VIII shows Samsung\u2019s dedication to future growth in Life Science fields by seeking new business opportunities based on revolutionary bio technologies.<\/p>\n<p><b>Key Highlights of the Investment:<\/b><\/p>\n<p><span style=\"font-weight: 700; color: var( --e-global-color-text );\">\u2022&nbsp;<\/span>Investment on Fund VIII: Fund VIII will originate and develop new transformative bioplatform companies leveraging novel tools such as artificial intelligence and machine learning and enabling technologies aimed at satisfying unmet medical needs.<\/p>\n<p><b>\u2022&nbsp;<\/b>Additional Investment option: Samsung will gain access to Fund VIII-founded companies and will consider additional investment in each of them, where appropriate.<\/p>\n<p>&nbsp;\u201cSamsung C&amp;T stepped into the life sciences industry by investing in biologics CDMO business in 2011. Samsung C&amp;T, a major shareholder of Samsung Biologics which has Samsung Bioepis as a 100% owned subsidiary, has chosen bio\/healthcare areas as a sustainable growth engine and the investment in the Flagship Pioneering Fund VIII perfectly matches our mid-term growth strategy,\u201d said Jaywoo Kim, executive vice president, Samsung C&amp;T Corporation. \u201cWe look forward to having more investment opportunities in future technologies that go beyond the limitations of conventional healthcare and ultimately change the world.&#8221;<\/p>\n<p>\u201cThis raise demonstrates investor commitment to Flagship\u2019s pioneering science and unique company creation process,\u201d said Andre Andonian, Chair of Asia Pacific, Flagship Pioneering. \u201cFund VIII will be used to establish and foster breakthrough bioplatform companies, where Flagship has its strength and proven record.\u201d<\/p>\n<div><br><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Samsung C&amp;T Corporation, Samsung Biologics, Samsung Bioepis and Samsung Venture Investment Corporation (collectively hereinafter referred to as &#8220;Samsung&#8221;) announced today an investment into Flagship Pioneering Fund VIII (\u201cFund VIII&#8221;) to help fuel breakthrough innovations in human health and sustainability. In addition to the strategic partnership that Flagship Pioneering (hereinafter referred to as &#8220;Flagship&#8221;) and Samsung [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":47451,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-49384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-sustainability"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Samsung invests in Flagship Pioneering Fund VIII - Samsung C&amp;T Newsroom<\/title>\n<meta name=\"description\" content=\"Samsung C&amp;T Corporation, Samsung Biologics, Samsung Bioepis and Samsung Venture Investment Corporation (collectively hereinafter referred to as &quot;Samsung&quot;) announced today an investment into Flagship 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