Biosimilar pipelines for Korean firms looking healthy

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Biosimilar pipelines for Korean firms looking healthy

Biosimilares/General | Posted 24/07/2020 0 Post your comment

Korean companies are becoming more and important both in the country but also worldwide when it comes to developing biosimilars.

Investment in the biotech sector has had a part to play in the increasing number of biological and biosimilar makers in South Korea, with increased state-led support and private sector pledges.

In April 2019, South Korea’s government announced that it would be investing nearly three trillion Won (US$2.6 billion) in 2019 into biotech-related research and development, and commercialization, in an effort to promote innovative growth. But it is not just increased government spending, pharmaceutical companies are also increasing investment in biologicals, with Celltrion and Samsung both pledging billions of dollars in a bid to expand their presence in the biosimilar field [1].

Domestic development of biosimilars is being carried out in South Korea by firms including Celltrion, Samsung Bioepis, LG Chem, GC Green Cross, Chong Kun Dang, CJ Healthcare and Dong-A ST.

Given the local support and the lucrative nature of the biosimilars market, it is therefore perhaps not surprising that the pipelines of these seven Korean firms is looking particularly healthy when it comes to biosimilars.

The following series of articles discuss in more details the biosimilar pipelines for South Korean companies developing biosimilars.

Reference
1. GaBI Online - Generics and Biosimilars Initiative. South Korea increases investment in biologicals [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2020 Jul 24]. Available from: www.gabionline.net/Biosimilars/General/South-Korea-increases-investment-in-biologicals

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Source: KoreaBiomedReview