South Korea's SK Bioscience to buy 60% stake in Germany's IDT Biologika for $244m

South Korea's SK Bioscience to buy 60% stake in Germany's IDT Biologika for $244m

The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea. REUTERS/Kim Hong-Ji

SK Bioscience will acquire a 60% stake in German pharmaceutical contract manufacturing firm IDT Biologika GmbH from Klocke Gruppe in a deal worth 339 billion won ($243.75 million), the South Korean vaccine maker said on Thursday.