Celltrion BioSolutions launched to venture into CDMO

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Celltrion BioSolutions launched to venture into CDMO - Korea Economic Daily

Quick Summary:

In line with demand, it may build a new CDMO plant abroad.“We have received requests continuously from small domestic and foreign bio firms to develop and produce their drug candidate substances,” Seo said in a press conference.“We have also received many requests from the world’s large cancer hospitals to provide CGT-specific services, so we decided to start our CDMO business".

DIFFERENTIATION STRATEGYTo differentiate itself from rivals such as Samsung Biologics Co.and Switzerland-based Lonza, the world’s No.1 CDMO company, Seo stressed that Celltrion BioSolutions will produce a variety of drug modalities — from monoclonal to trispecific antibody drugs, subcutaneous injection formulation and CGT.

Seo expressed confidence about its venture into the CDMO market, saying its experience in the development, production and sale of biosimilars will give it an edge.“I think Lonza and Celltrion are the only companies that can provide all types of CDMO services,” he added.