Lotte Biologics, Merck KGaA ink partnership deal for biopharma production
South Korea CDMO Lotte Biologics and Merck KGaA signed a partnership deal focused on expanding biopharmaceutical production and process development.
Source: fiercepharma.com
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Incheon highlights free economic zone for foreign investments
INCHEON - Incheon should take advantage of its location suitable for supplying renewable energies, as well as its status as the gateway for international interactions, to achieve i...
Source: koreatimes.co.kr
Samsung chief vows to invest $5.2 bil. to create huge lead for bio business
Samsung Electronics Vice Chairman Lee Jae-yong has vowed to invest 7.5 trillion won ($5.2 billion) in the company's biotechnology firm by 2032 to achieve a huge lead with its competitors, Samsung Group said Tuesday. The Samsung chief attended the ceremony for the completion of Samsung Biologics' fourth drug manufacturing plant in Songdo, Incheon. The plant, which went into operation this month, is the world's largest biopharmaceutical production plant, with an annual production capacity of 240,000 liters. Samsung invested about 2 trillion won in its construction.
Source: koreatimes.co.kr