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- 2025-12-24 03:42:41
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- Hanmi’s Rolontis makes USD 10 million in 3 mths
- by Kim, Jin-Gu Feb 02, 2023 05:48am
- Pic of Rolvedon Hanmi Pharmaceutical’s partner Spectrum Pharmaceuticals issued a press release announcing that “’Rovedon (Korean brand name: Rolontis)’ that the company had launched in October last year made an estimated sales of KRW 10 million in 3 months.” Spectrum plans to release details of the results on Rolvedon in its Fiscal Year 2022 Earnings Call that is scheduled for March. Spectrum received marketing authorization for Rolvedon from the US Food and Drug Administration in September last year, then released Rolvedon in the US in October last year. Rolontis is a new biodrug that Hanmi Pharmaceutical licensed out to Spectrum Pharmaceuticals in 2012. The drug is indicated for the treatment or prevention of neutropenia in cancer patients that receive myelosuppressive chemotherapy. As a granulocyte colony-stimulating factor (G-CSF) class that stimulates the granulocyte to increase neutrophil production, the drug has a similar mechanism of action with Amgen’s blockbuster drug ‘Neulasta (pegfilgrastim).’ In Korea, Rolontis was approved in March as the 33rd homegrown new drug.
- Company
- Takeda's Exkivity launches as non-reimbursement
- by Eo, Yun-Ho Feb 01, 2023 05:52pm
- EGFR Exxon 20 insertion mutation target anticancer drug Exkivity, which is eaten by Takeda Pharmaceutical Korea, will be released as non-reimbursement in February. EGFR Exxon20 insertion mutation Non-small Cell Lung Cancer treatment Exkivity targets biomarkers such as Rybrevant of Janssen Korea, but there is a difference in that it is an oral drug. The EGFR Exon 20 insertion mutation is a biomarker that has recently attracted new attention in the field of non-small cell lung cancer. Currently, prescribed anticancer drugs are suitable for Exon19 deficiency or Exon21 L858R substitution mutation, which is commonly found in EGFR mutations, but EGFR Exon20 was still a blind spot. The benefit is still unknown. As Rybrevant failed to pass the HIRA, it remains to be seen whether Exkivity can succeed in registering. Takeda has yet to submit an application for Exkivity's benefit. Exkivity proved its effectiveness through phase 1/2 of 114 patients with EGFR Exxon20-inserted mutated non-small cell lung cancer who had previously undergone platinum-based chemotherapy. Clinical results showed that the ORR evaluated by IRC was 28% and the mDOR was 17.5 months in the group of patients taking Exkivity 160 mg. In particular, the median reaction time after administration of Exkivity was 1.9 months, and it was confirmed that the drug effect appeared rapidly from the beginning of treatment. The mPFS was 7.3 months and the mOS was 24.0 months. The safety profile was also shown to be good. The most common adverse reactions were diarrhea, rash, and fatigue, which can be managed by adjusting the dosage.
- Company
- JW Pharma develops new drugs with Merck Life Science
- by Lee, Seok-Jun Feb 01, 2023 05:55am
- JW Pharma is expanding AI technology from new drugs to raw drug research fields to increase R&D efficiency. JW Pharma announced on the 30th that it recently signed a business agreement with Merck Life Science in Germany to research and develop raw materials for new drugs using AI. Merck offers its AI software Synthia to JW Pharma. Synthia is a program that quickly analyzes and provides the synthesis route of raw drugs in the new drug development stage. Merck's Custom Synthesis Lab's know-how in synthesizing new materials is also consulted with JW Pharma. JW Pharma's raw material research center plans to actively utilize Synthia for research on the synthesis of its new drug candidates. It is expected to reduce research time and cost on the method of preparing compounds to be used in non-clinical and clinical trials. Based on the synthesis conditions proposed by Synthia, it also plans to establish an unmanned automated laboratory environment in which robots synthesize raw materials 24 hours a day on behalf of researchers. Lee Nam-gu, CEO of Merck Science and Lab Solutions Business, emphasized, "Synthia can derive solutions with more than 100,000 rules and sophisticated algorithms and use them for patent applications and papers as well as developing new drugs." Shin Young-seop, CEO of JW Pharma, said, "The company is conducting various open innovation activities with bio companies with innovative AI technologies to strengthen the pipeline of new drugs discovered through its own R&D platform. "The cooperation with Merck in automated synthetic research will serve as a cornerstone for efficiently conducting JW's various new drug studies," he said.
- Company
- Clotinab, exclusive in the bio-anti-hemolysis market
- by Nho, Byung Chul Feb 01, 2023 05:54am
- In the anti-hemorrhagic biopharmaceutical market, Korean biosimilar Clotinab is dominating the market. According to data on drug distribution performance, ISU ABXIS Clotinab's 2021 performance was 2.8 billion won, dominating the Abciximab biosimilar market. The sales of the product in 2018, 2019, and 2020 are 3,048 million won, 2,920 million won, and 2.94 billion won, and the cumulative performance of 3Q in 2022 is about 1,88 billion won. Clotinab's dominance is attributed to the withdrawal of the original biopharmaceutical Lilly Reopro from the market. Clotinab, the first antibody biosimilar title in Korea, challenged Reopro, which boasts 400 billion won in global sales in 2007. In the early days of its launch, it recorded around 400 million won in performance, but gradually expanded its scope by passing the so-called "Big 5" hospitals DC such as Seoul National University Hospital, Asan Hospital, Severance Hospital, St. Mary's Hospital, and Samsung Seoul Hospital. It is understood that the decisive cause of crossing the barrier to entry into the original drug lies in securing drug equivalence with relatively low drug prices. The drug price of Clotinab 2.5ml·5ml is listed at 315,084 won and 378,102 won, while Reopro's insurance price was 472,627 won, about 100,000 won higher. Reopro was completely withdrawn from the domestic market in 2017, with the appearance of around 10 million won. This drug is used as an auxiliary treatment for Heparin and Aspirin to prevent ischemic heart complications in high-risk patients during PTCA procedures. As a medication guide be careful of antithrombotic drugs, bleeding can be suspected if symptoms such as brown urine, dizziness, and headache appear during administration. In addition, patients who are about to undergo procedures and surgeries that are expected to bleed should stop administering drugs for a certain period of time because they may have difficulty stopping bleeding.
- Company
- Imfinzi expands biliary cancer indication
- by Feb 01, 2023 05:54am
- AstraZeneca Korea held a press conference on the 31st to commemorate the approval of its immuno-cancer drug Impinzi"Although there are few clinical patients, effectiveness improvement and safety performance" A new option for immuno-cancer drugs has been born in biliary tract cancer, where chemotherapy has long been the standard treatment. The medical staff said, "We improved the treatment of biliary tract cancer, which has not progressed for more than 10 years." Imfinzi's biliary tract cancer indication is the first immuno-cancer drug. In particular, it is significant in that the beginning of the clinical trial of researchers, which became the basis for permission for biliary tract cancer indications, is Korea. The study could begin after Oh Do-yeon, a professor of oncology at Seoul National University Hospital, actively persuaded pharmaceutical companies. Biliary tract cancer is a rare and aggressive gastrointestinal cancer consisting of cancer cells from the bile duct, gallbladder, or papilla. Early biliary tract cancer has no clear symptoms, and it is not well established who has a high risk of biliary tract cancer. Early diagnosis is difficult due to the lack of effective screening programs. When diagnosed with biliary tract cancer, most of them have limited treatment options and poor prognoses. Biliary tract cancer does not have a high prevalence like lung cancer or stomach cancer, and the incidence is lower in the West, so there have been relatively few new drug studies. There have been attempts to combine some targeted anticancer drugs, but clinical trials have repeatedly failed. This is why Gemcitabine + Cisplatin, chemotherapy, has still existed as a standard therapy for more than a decade. Professor Oh found out that immuno-cancer drugs responded relatively high in biliary tract cancer about 10 years ago, and persuaded AstraZeneca to conduct a researcher clinical trial. The possibility was confirmed here, leading to the third phase of the global market. Professor Oh designed the clinical design after a long discussion as a PI. The TOPAZ-1 study results were successful. The Impinzi group improved the overall survival rate (OS) by 20% compared to the placebo group (placebo+ Gemcitabine + Cisplatin). At the time of 2 years, the OS of the Impinzi group was 25%, which was more than twice that of the placebo group. mPFS was 7.2 months in the Impinzi group, an improvement of 25% compared to 5.7 months in the placebo group. In terms of safety, the safety profile was similar to that of the placebo group. Professor Oh, who attended the meeting, said, "I was very happy to see the safety profile as well as the effectiveness of phase 3 clinical results." "Even though we added Impinzi, the adverse reaction was similar to that of the placebo group," he said. "The rate of discontinuing treatment with drugs was rather less than that of the placebo group." The U.S. Food and Drug Administration (FDA) approved Imfinzi biliary tract cancer indications based on Professor Oh's clinical and TOPAZ-1 results. Furthermore, NCCN recommended Impinzi as the standard treatment (Category 1) in the primary treatment of progressive and metastatic biliary tract cancer. For the first time, immuno-cancer drugs were listed as the first standard treatment option, which had only chemotherapy. It is a very unusual case that the clinical trial of researchers initiated by Korean medical staff led to global approval and standard treatment. Professor Oh said, "The TOPAZ-1 clinical trial is drawing attention in that it has proven improved results in efficacy and safety despite the relatively small number of participating patients at 685, and its interest has been confirmed at a recent academic conference."
- Company
- Sales of statin-ezetimibe combo rise threefold in 3 yrs
- by Chon, Seung-Hyun Feb 01, 2023 05:54am
- Statin-ezetimibe combination drugs greatly expanded their influence in Korea’s dyslipidemia treatment market. Their total prescription amount increased by over threefold in the past 5 years, and its annual market size exceeds KRW 750 billion. In the market, rosuvastatin-ezetimibe combinations drove market growth, and the bulk of generic atorvastatin-ezetimibe combination drugs that were recently released also supported the strong growth. ◆Sales of statin-ezetimibe combos rise from KRW 228.4 billion to KRW 750.4 billion in 5 yrs According to the market research institution UBIST on the 31st, outpatient prescriptions of statin-ezetimibe combination drugs reached KRW 750.4 billion last year, recording a 23.0% YoY increase. Its market size had increased 51.5% in two years from KRW 495.3 billion in 2020. The prescription market for statin-ezetimibe combination drugs had recorded KRW 228.4 billion in 2017 and then expanded over threefold in just 5 years. This analysis is that the increased preference for statin-ezetimibe combinations due to its excellent effect in lowering LDL-C and cost, which is not greater than taking the two drugs separately, has attributed to market growth. Currently, four types of statin-ezetimibe combinations that combine four types of statin - simvastatin, rosuvastatin, atorvastatin, and pitavastatin - with ezetimibe have been introduced to the market. ◆Rosuvastatin·ezetimibe combo occupies 65% of market...atorvastatin·ezetimibe combo expands market In the statin-ezetimibe combination market, rosuvastatin·ezetimibe combinations occupy the greatest share of the market. Last year, rosuvastatin·ezetimibe combination drugs raised KRW 488.5 billion last year, recording a 12.0% YoY increase. This is a 33.1% increase in 2 years from KRW 367.1 billion in 2020. Compared to the KRW 136.6 billion the combination had made in 2017, its market size has increased 257.8% in 5 years. Last year, the rosuvastatin·ezetimibe combination occupied 65.1% of the statin-ezetimibe combination market. Hanmi Pharmaceutical’s Rosuzet was the first product to enter the rosuvastatin·ezetimibe combination market. Hanmi Pharmaceutical entered the market earlier than its competitors by securing the right to use ezetimibe from its patent holder, MSD. Prescription sales of Rosuzet last year recorded KRW 123.2 billion, a 17.4 increase YoY. Among all combinations, the product made the second-most sales for two consecutive years, led only by Lipitor. Rosuzet’s prescriptions rose over threefold in 5 years from KRW 41.5 billion in 2017. Since 2020, sales exceeded KRW 100 billion for 3 consecutive years and showed off its status as the flagship statin-ezetimibe combination drug product. Yuhan Corp’s Rosuvamibe had shown prominence in the rosuvastatin-ezetimibe combination market. Rosuvamibe’s sales recorded KRW 66.8 billion last year, showing a 7.7% YoY increase. Rosuvamibe’s sales rose over twofold in 5 years from the KRW 23.7 billion it had made in 2017. Recently, atorvastatin·ezetimibe combination drugs have shown explosive growth in the market. Prescription of atorvastatin·ezetimibe combination drugs had recorded KRW 197.5 billion last year, which is a 53.4% YoY increase. Also, its market size expanded over fourfold in only 5 years from the KRW 44.2 billion it had made in 2017. The bulk of Atozet generics that entered the market rapidly expanded the market in a short period of time. Until 2020, the only atorvastatin-ezetimibe combination drug available was Organon Korea's Atozet. Then, the market size started to increase with around 100 companies in Korea simultaneously entering the atorvastatin-ezetimibe combination market with their generic versions in 2021. In October 2020, Chong Kun Dang received approval for ‘Lipilouzet’, a combination drug that contains the same ingredients as Atozet. During the same period, 22 companies received approval for their authorized generics of Lipilouzet and were listed for reimbursement from April 2021. Then, 88 more pharmaceutical companies received approvals for their Atozet generics from February 2021 and were reimbursed in May, one month after the reimbursement listing of authorized generics of Lipilouzet. In June 2021, 2 more companies have additionally received approval for their Atozet generics, raising the count of Korean companies that entered the Atozet market to 113. The atorvastatin-ezetimibe combination market had recorded KRW 82.8 billion in 2020 with only Atozet in the market, then grew 138.6% in 2 years after a load of generic drugs entered the market. Atorvastatin-ezetimibe combinations, which had only occupied 19.3% of the total statin-ezetimibe combination market in 2017, rose to 26.3% last year. On the other hand, sales of simvastatin-ezetimibe combinations have somewhat slowed down. Prescription sales of simvastatin-ezetimibe combinations had recorded KRW 35.9 billion last year, which is a 16.6% YoY decrease. Its sales fell for two consecutive years after recording KRW 45.4 billion in 2020. Prescription of simvastatin-ezetimibe combinations last year had decreased 21.0% compared with 2 years ago. Organon Korea’s Vytorin was the original drug to entered the simvastatin-ezetimibe combination market. However, the prescription market gradually shrunk compared to other combinations. In the statin-ezetimibe combination market, the share of the simvastatin-ezetimibe combination had shrunk to 4.8% last year from the 20.9% in 2017. In 2021, JW Pharmaceutical's first pitavastatin and ezetimibe combination, Livalozet, has recently shown good momentum. Pitavastatin is the main active pharmaceutical ingredient used in JW Pharmaceutical's flagship hyperlipidemia treatment, Livalo. Livaloaet was released in October 2021, and the drug made a successful debut raising prescriptions to KRW 28.5 billion last year in the first year of its release.
- Company
- Merck makes large investments in Korea’s science tech
- by Jan 31, 2023 05:59am
- With President Suk Yeol Yoon prioritizing fostering talent in science and technology as the government’s key task, one global company has attracted attention for being committed to strengthening domestic talent in science and technology in Korea. According to industry sources on the 31st, Merck Life Sciences, a global life science company, has long been investing in Korea’s science and technology through awards, researchers and academic society support, and talent development programs. Science and technology directly translate to national competitiveness. This is why countries around the world make efforts to further their competitiveness in science and technology. The US Biden administration emphasized that the development of science and technology will become a 'game changer' in the field of healthcare, and the medical and pharmaceutical industry will become indispensable for national security over the next 10 years. The Korean government has also been prioritizing science and technology in all its policies. At a recent meeting with senior secretaries, President Yoon stressed that growth can only be achieved through scientific and technological innovation, saying, "science and technology are important to ensure sustainable growth of the country." President Yoon also emphasized the importance of science and technology in the past, saying, "This is an era where science and technology are directly linked not only to the nation's future but our survival.” Merck Life Science has shown interest in strengthening Korea’s science and technology from early on. It has been supporting the research of Korean scientists for over 20 years and striving to cultivate pharmaceutical and bio talent with leading universities in Korea. This is a rare case where a global company has taken the initiative to invest in the development of science and technology in Korea. ◆Full support to foster talents that will lead the development of science and technology in the future SNUH Bio-day Specifically, the company signed an academic-industry cooperation and exchange agreement with the Jeonbuk National University College of Pharmacy in 2020. Through the program, Merck provided support for scholarships and mentoring, business development to establish a safe laboratory environment, to foster industry leaders and life-respecting pharmaceutical care experts. The company also supported human and material resources necessary for the research and development of new bio drugs. Since 2021, at Sungkyunkwan University’s Institute of Quantum Biophysics, the company has been collaborating with the school, cooperating in the research and development of diagnosis and disease treatments based on quantum biophysical theory and phenomena. For this, the company has been providing seminars and training programs for knowledge and information exchange, as well as scholarship support and internship programs to procure talent in the life sciences sector. Also, the company has provided opportunities for students to experience the industry and provided information on the pharmaceutical and bio industry. Last year, Merck Life Science participated in the ‘SNU Bio-Day’ hosted by Seoul National University’s Bio-MAX Institute and introduced how the technology of the global company Merck is applied in the field to derive scientific results. Also, the company hosted a field trip to Merck Life Science’s Custom Synthesis Lab as part of the Kiuri Project workshop program run by Seoul National University’s Bio-MAX Institute. ◆Has awarded outstanding scientists in Korea for 20 years...promoting active research Also, the company has been supporting the research activities of scientists in Korea in partnership with prestigious academic societies in Korea through awards. The Sigma-Aldrich Chemist Award that Merck Life Science held with the Korean Chemical Society has celebrated its 20th year this year. The award is given every year to 2 chemists with outstanding research achievements and outstanding creativity in the field of chemistry. This traditional award has a long history and has been given even before the merger of Merck and Sigma Aldrich. The award is presented every year at KCA’s regular autumn conference. Merck The ‘350 Future Researcher Award’ was co-established by Merck and the Korean Society for Molecular and Cellular Biology in celebration of Merck’s 350th anniversary in 2018 to continue supporting research for the next-generation bio-industry. Every year, three first authors (research professors) and postdoctoral researchers that performed outstanding research achievements related to molecular cell biology are selected for the award. The award ceremony is held at the Autumn Conference of the Korean Molecular Cell Biology Association, with lectures by the awardees. For objectivity and transparency, candidates are nominated by regular members of KSMCB, and the awardee is selected through a strict review by the Academic Research Award Committee, without any involvement on Merck Life Science’s part. ◆Merck’s science journal issued a special feature on Korea...shed light on domestic science and technology research Korean Scientist Feature of Material Matters, Merck Merck’s interest in Korean science and technology research can also be seen in its scientific journal. Recently, in its global science journal ‘Material Matters,’ Merck issued a special feature on Korean scientists, introducing 4 renowned professors in Korea and their research Material Matters is a scientific journal prepared to provide information on material science and nanotechnology necessary for scientific research. The journal reviews technologies and their applications by world scholars on a specific subject, and is distributed to research institutes around the world. Korea’s special edition of Material Matters featured:▲Seoul National University Professor Yung-Eun Sung’s discussion on ‘PGM and PGM-free Catalysts for Polymer Electrolyte Membrane Fuel Cells’, ▲Korea Advanced Institute of Science and Technology (KAIST) Professor Byeong-Soo Bae’s review of Sol-Gel Derived Siloxane-Encapsulated Luminescent Nanocrystal Composites for Optoelectronics and Display,’ ▲ Yonsei University Professor Woo-Dong Jang’s research on ‘Poly (2-isopropyl-2-oxazoline)-based Multimodal Stimuli-responsive Functional Materials,’ and ▲Yonsei University Professor Wooyoung Shim’s research on ‘Phyllosilicate Clay Minerals: Principles and Applications’
- Company
- MSD Korea to replace its leader for the first time in 2 yrs
- by Jan 31, 2023 05:59am
- Kevin Peters, president of MSD KoreaThe head of MSD Korea will be replaced for the first time in about two years. Kevin Peters, the current president, will leave Korea at the end of this month. According to the pharmaceutical industry on the 28th, Kevin Peters, CEO of MSD Korea, will be appointed as the general representative of the German branch from February. It has been two years and three months since he became the representative of MSD Korea. He recently reportedly had a farewell ceremony with Korean MSD employees. Kevin Peters has led MSD Korea since November 2020, succeeding former president Avi BenShoshan. It is evaluated that he actively communicated with employees even in a situation where he was converted to telecommuting due to COVID-19. After Kevin Peters took office as president, MSD Korea signed its first collective agreement since the establishment of the labor union. This is considered to be a result of mutual cooperation between labor and management ahead of the corporate division of Organon Korea. At the time of the replacement of the president, MSD Korea was at odds with the union in the process of spin-on. Immediately after taking office, Kevin Peters traveled around the country to communicate directly with employees and actively accepted employees' opinions to lead labor-management cooperation. He also succeeded in expanding the primary benefit for Keytruda lung cancer, which had not crossed the threshold for four years. Keytruda had a very good effect in terminal non-small cell lung cancer without major mutations, but discussions on salary have not progressed for four years due to a large number of patients and expensive new drugs. President Kevin Peters drew the primary benefit for lung cancer in Kitruda with an unconventional proposal of a 'trade-off'. Instead of expanding Keytruda's benefit, the plan calls for lowering drug prices for 15 items, including the "Januvia," a diabetes treatment with large domestic sales. At the time, Kevin Peters, president of the company, said in an interview with Dailypharm, "We presented an unprecedented level of sharing to the Cancer Disease Deliberation Committee of the Health Insurance Review and Assessment Service." Since then, the benefit has expanded in March last year as discussions on Keytruda's benefit have accelerated. It also contributed to the rapid approval and supply of Lagevrio, a COVID-19 treatment developed by MSD. Peters also appealed, "Lagevrio can be supplied from the day of approval." Kevin Peters was scheduled to continue his term as president of MSD Korea this year, but the sudden resignation of the German branch representative led to Peters serving as the German general representative. The successor to MSD Korea has not been decided. For the time being, David Peacock, president of MSD Asia-Pacific, is expected to temporarily work on MSD in Korea. Kevin Peters joined MSD in the UK in 1996 and performed various tasks at the relevant national/regional and global levels in the Asia-Pacific, China, and Europe. He served as vice president of MSD in China, chief marketing officer (CMO), and CEO of MSD in Thailand.
- Company
- HKinno.N exports new drug K-CAB technology to Brazil
- by Chon, Seung-Hyun Jan 30, 2023 05:54am
- K-CABHKinno.N announced on the 26th that it has signed a technology export contract with Brazilian pharmaceutical company Eurofarma for the new drug K-CAB for gastroesophageal reflux disease. HKinno.N will transfer the manufacturing technology of K-CAB to Eurofarma, and Eurofarma will develop and sell K-CAB in Brazil. Along with the down payment, HKinno.N receives technical fees step by step, such as permission and release, and royalties according to sales. The contract period is 10 years after the launch of the product in Brazil. Eurofarma is the third-largest pharmaceutical company in the region with sales power throughout Latin America, mainly in Brazil. Brazil's digestive ulcer solvent market is the largest market in Latin America with an annual amount of about 800 billion won as of 2020. K-CAB announced its entry into the Americas with this Brazilian technology transfer following the US and Canada technology transfer. K-CAB, a Tegoprazan ingredient released in Korea in March 2019, is an anti-allergic drug based on P-CAB). It shows an action mechanism that inhibits gastric acid secretion by competitively combining a proton pump located in the final stage of acid secretion and potassium ions in gastric wall cells. K-CAB has entered a total of 35 countries and has recently been released in the Philippines following China. Twenty-seven countries, including Mexico, have been approved for permission in Mongolia, Indonesia, and Singapore, and are currently reviewing or preparing for permission. Development is underway in three countries, the United States, Canada, and Brazil. Kwak Dal-won, CEO of HKinno.N, said, "Recently, K-CAB's export contracts, follow-up clinical trials, item permits, and local launches are progressing at a rapid pace in the global market, and we will further accelerate our global business with the goal of entering 100 countries by 2028."
- Company
- SK Bioscience proposes building a vaccine hub in Middle East
- by Jan 30, 2023 05:54am
- Jae-Yong Ahn, CEO of SK Bioscience SK Bioscience announced on the 27th that the company’s CEO, Jae-Yong Ahn, participated in the ‘2023 Riyadh Global Medical Biotechnology Summit’ that was held in Riyadh, the capital of the Kingdom of Saudi Arabia, and proposed a partnership for vaccine supply on the 25th (local time). The Riyadh Summit, which celebrated its second event this year, is a national bio event where major bio-industry officials from the US and Europe gather to share future R&D prospects and investment strategies for the bio industry. At the event, CEO Ahn gave a session presentation on the theme, 'Preparing for Next Pandemic through Global Partnership'. During presentations, CEO Ahn shared his company’s experience in successfully developing Korea’s first homegrown COVID-19 vaccine and proposed a partnership that builds on the company’s R&D and manufacturing capabilities. CEO Ahn said, “We can establish a bilateral partnership if the country is willing to provide funds, human resources, and an overall pharmaceutical manufacturing environment based on global initiatives. Then, building on the partnership, the country can stably supply necessary vaccines within the region during Peace Time, which can also switch to a pandemic vaccine production system during Pandemic Time.” He added, “Having already experienced the human casualties, economic loss, and crises in national systems with the COVID-19 pandemic, we all know that this is the time to consider ensuring self-sufficiency of vaccines for national security. The cooperation model we are proposing requires strong will and commitment from each government and can only be achieved when reasonable compensation is provided to participating institutions." SK Bioscience has been pursuing a ‘Glocalization’ business based on its R&D capabilities, global partnerships, and its Ahndong Plant’s manufacturing capacity. The project is expected to contribute to addressing the inequity in access to vaccines in countries that lack technology and infrastructure and further create social and economic values by pioneering new markets for its vaccine. SK Bioscience is currently conducting specific discussions with various countries in the Middle East, and Southeast Asia including Saudi Arabia, and plans to expand the project to other countries and regions in the future.
