ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Pharmaceuticals

Celltrion spends $450m to ramp up contract drug production

South Korean pharma maker seeks to tap booming overseas demand

Celltrion's headquarters in Incheon, South Korea.   © Reuters

SEOUL -- Major South Korean drugmaker Celltrion will invest 500 billion won ($448 million) to build a factory and an R&D center at its complex in Incheon, adding 60,000 liters to its total annual capacity to meet rising demand for contract manufacturing.

The expansion comes as drug development grows more challenging in general, prompting peers in the U.S. and Europe to increasingly focus on development and outsource production. Celltrion, whose own products include a rheumatoid arthritis treatment, has been tapping this trend and taking in contracting work, increasing manufacturing capacity.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more