Major pharma players ST Pharm, Astellas and Celltrion unveil ambitious expansion blueprints

[tilialucida/Adobe Stock]

A handful of pharma companies, including ST Pharm, Astellas Pharma, Avalon Pharma, and Celltrion have recently announced expansion projects.

Major pharma expansion efforts underway in South Korea

South Korean CDMO firm ST Pharm announced a second manufacturing facility in its home country — in Ansan, Gyeonggi Province. The plant is geared toward supporting burgeoning demand for oligonucleotide active pharmaceutical ingredients (APIs). The 1.1 trillion won investment speaks to the company’s dedication to advancing the oligonucleotide API sector. The company has supplied nucleoside-API’s for global pharma customers since the 1980s.

Also in South Korea, Celltrion is setting aside 126 million South Korean won for a new manufacturing plant at its Songdo campus near Seoul. Expected to be operational by 2027, this facility will have an annual production capacity of 8 million vials…

Read more
  • 0