2024-06-05 09:00:50
‘2024 BioUSA’ joint sales space operation
Concentrate on increasing cooperation with international firms and establishments
SK Biopharmaceuticals seeks to introduce a ‘second industrial product’
SK Vasa presents built-in vaccine and bio provide service
“Pursuing enlargement into the worldwide market”
SK Biopharm and SK Bioscience will take part collectively on this planet’s largest bio occasion and function a joint sales space. The aim is to hunt alternatives to develop international enterprise. SK Biopharmaceuticals and SK Bioscience are each main pharmaceutical and biotechnology firms throughout the SK Group, however their governance constructions are completely different. SK Biopharmaceuticals is an affiliate of SK Company, a holding firm whose largest shareholder is SK Group Chairman Chey Tae-won, and SK Bioscience is an affiliate of SK Discovery, owned by Chairman Chey Tae-won’s cousin, Vice Chairman Choi Chang-won. At this bio occasion, SK Group’s administration philosophy of ‘individually and collectively’ seems to be emphasizing ‘collectively’.
SK Biopharm and SK Bioscience introduced on the 4th that they are going to take part within the ‘2024 Bio Worldwide Conference (BioUSA)’, the world’s largest bio business exhibition held in San Diego, USA.
BioUSA is a world occasion hosted by the American Biotechnology Affiliation. It’s an exhibition attended by greater than 1,500 pharmaceutical and bio firms around the globe and greater than 20,000 business officers.
SK Biopharm and SK Bioscience will arrange a joint sales space on the exhibition and associate with international firms. That is the primary time that SK Group bio associates function a sales space at a world bio occasion. Beforehand, SK Group’s bio associates held ‘SK Bionite’ in a separate area in keeping with giant bio occasions such because the JP Morgan Healthcare Convention.
At this BioUSA, SK Biopharmaceuticals is claimed to have ready a presentation immediately performed by an govt from a neighborhood U.S. subsidiary. The presentation might be held over two days, the 4th (native time) and the fifth. On the primary day of the presentation, SK Biopharmaceuticals might be launched underneath the theme of ‘Success Story from Medical Trials to Direct Gross sales within the U.S.’ On the fifth, executives of SK Life Science Labs, which was acquired final yr, plan to announce ‘new therapy growth technique by way of MOPED, an modern platform for locating molecular adhesives (MG)’ associated to focused protein degradation (SENG) know-how. am.
SK Bioscience plans to grow to be a completely built-in vaccine and bio firm from analysis and growth (R&D) to manufacturing and contract growth and manufacturing (CDMO) based mostly on international partnerships. Throughout the BioUSA occasion, a world enlargement technique based mostly on main self-developed vaccines and pipelines, cutting-edge manufacturing services, and R&D know-how might be emphasised. Particular person enterprise conferences may also be held with main firms and establishments to share the newest data and discover new enterprise.
SK Group expects this exhibition to function a chance to develop the worldwide enterprise of SK Biopharm and SK Bioscience. Evidently they’re aiming for precise enterprise outcomes past easy exhibition participation.
Within the case of SK Biopharmaceuticals, it introduced plans to develop its enterprise space into new therapy and know-how (modality) platforms and anticancer medication based mostly on money stream generated by the accelerated progress of cenobamate, an epilepsy drug developed within the physique, and native advertising and marketing infrastructure. We’re pursuing the introduction of a ‘second industrial product’ following cenobamate and plan to current a particular plan throughout the yr. The purpose of introducing new industrial merchandise is about to be 2025. As well as, radiopharmaceutical remedy (RPT), focused proteolysis (TPD), and cell gene remedy (CGT) have been chosen because the three new modalities by way of a brand new monetary story final yr.
SK Bioscience is searching for to develop the worldwide market. It’s mentioned that main merchandise akin to flu, shingles, and typhoid fever are present process international approval procedures. We’re increasing exports to nations and areas missing vaccine infrastructure, akin to Southeast Asia, Africa, and Central and South America. As well as, alternatives for analysis and growth cooperation with international firms and establishments are rising based mostly on main pipelines such because the next-generation pneumococcal vaccine and high-level manufacturing services.
Development of a world R&PD heart is scheduled to be accomplished in Songdo, Incheon subsequent yr. It’s anticipated to be geared up with cutting-edge analysis services, together with a pilot plant able to growing new strategies and finishing up analysis duties. We’ll advance our enterprise areas by strengthening cooperation with a number of firms and establishments and likewise promote the creation of a world vaccine ecosystem to preemptively reply to new infectious ailments.
Lee Dong-hoon, CEO of SK Biopharmaceuticals, mentioned, “At this occasion, we’ll actively promote SK Group’s bio enterprise capabilities and know-how and search to develop partnerships,” including, “As a Korean bio firm that efficiently entered the U.S. market with an modern new drug developed in-house, we really feel a way of accountability and function. “I may also give it some thought,” he mentioned.
Jaeyong Ahn, President of SK Bioscience, mentioned, “Via BioUSA, we’ll additional strengthen {our relationships} with firms and establishments we’ve got fashioned partnerships with and search alternatives to conclude new partnerships.” He added, “SK Bio’s market share has elevated considerably for the reason that COVID-19 pandemic.” “We’ll put together a chance to enter the worldwide market in earnest to satisfy the curiosity in our enterprise,” he mentioned.
Kim Min-beom, Donga.com reporter [email protected]
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2024-06-05 09:00:50