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Yposkesi Acquisition Fuels SK's Global Push Into Biologics Manufacturing

Adds Gene, Cell Therapy Capabilities

 
• By Jung Won Shin

South Korean conglomerate SK Group continues its cross-border acquisitions of contract manufacturers, this time of French biologics specialist Yposkesi, marking a new push into the gene and cell therapy sector as it looks to become a global leader in the production of both innovative chemical drugs and biologics.

SK-Yposkesi
Aslam Malik, CEO, SK Pharmteco (L) And Dong-Hyun Jang, CEO, SK Inc. • Source: SK Inc.

SK Inc., an investment holding company of South Korea's SK Group, has become the biggest shareholder of Yposkesi, a French contract manufacturing organization (CMO) focusing on gene therapies. It is SK's third acquisition of this type of operation as it looks to build out its international activities in what it sees as a growth area.

Through the deal, to be routed through SK's SK Pharmteco subsidiary, a US-based holding company for its contract manufacturing businesses, the company will expand into the production of biologics

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