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From Cell Phones to Biologics

Samsung Biologics, the contract drug-making unit of Samsung Group, debuted last week in Seoul, with the largest initial public offering seen in South Korea in six years, the Associated Press reports.

In its IPO, Samsung Biologics raised $2 billion, and on its first day of trading, the AP notes that its stock increased some 8 percent, raising its market value to more than $8 billion. Samsung Biologics, which was established in 2011, plans to use the funds raised through its IPO to finish its third factory. Samsung Biologics hasn't been profitable, according to the AP, with a net loss of $65.9 million on $118.7 million in revenues.

Still, the AP adds that Samsung wants to develop biotech as one of its core businesses, alongside semiconductor manufacturing. The company says its experience with semiconductors will aid its biotech efforts, as it's familiar with the investment and quality control needed.

"The company has included biotech and healthcare in the five businesses it named as future growth engines for the next decade, to counter slowing growth in its key consumer electronics businesses," the AP says.

At the same time, the AP notes that it's a test for Samsung heir Lee Jae-yong.

The Scan

Less Than Half

An effort to reproduce key findings from high-profile preclinical cancer studies finds less than half could be replicated, according to the Scientist.

Still Some SARS-CoV-2 Sequencing Holes

The Wall Street Journal reports that viral genomic surveillance has improved in the US, though says there are still gaps.

Avoiding Passing Them On

People with known disease-linked genetic variants are turning to in vitro fertilization so as to not pass those variants to their children, the Washington Post says.

PNAS Papers on Long Cell-Free DNA in Maternal Plasma, Genetic Propensity for Voting

In PNAS this week: long, cell-free DNA of maternal and fetal origins identified in maternal plasma, and more.