Next Big Step: SK Bioscience Gears Up For Endemic COVID, Next Pandemic

Aggressive M&A Part Of Growth Strategy

With its COVID-19 vaccine development project nearing the finish line, SK Bioscience unveils an ambitious growth strategy which includes mergers and acquisitions and diversification into the cell and gene therapy sector.

SK Bioscience CEO Jae-Yong Ahn
SK Bioscience Eyes Big Jump In Growth In Coming Years • Source: SK Bioscience

SK Bioscience has laid out an aggressive growth plan to sharply increase its business portfolio by 2025 through mergers and acquisitions, expansion and strengthening of its COVID-19 and other vaccine business, as well as investment in infrastructure to rapidly move forward with a goal of becoming a global "top tier" operation with a strategic focus on vaccines and biologics.

The specialist affiliate of South Korean conglomerate SK Group, which has been at the forefront of the country’s fight against COVID-19 by manufacturing AstraZeneca PLC and Novavax, Inc

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