Korean Firms Hunt For Overseas Biologics Manufacturers To Support Growth

US, EU Cell And Gene Therapy Producers In Sights

Korean companies, including large conglomerates and non-biopharmas, are increasingly jumping into biologics manufacturing through cross-border acquisitions following the successes of Samsung and SK.

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Korean Conglomerates Hunt For Biologics Manufacturers To Diversify • Source: Shutterstock

Biologics contract development and manufacturing organizations (CDMO) have emerged as top merger and acquisition targets in the global biopharma industry and South Korean firms are actively taking part in the hunt, particularly for manufacturers that have capabilities in gene and cell therapies.

Of the 27 biopharma M&A transactions of 2021 worth at least $1bn, the top area of interest in terms of both volume and value was CDMOs/contract research organizations (CROs), which accounted for six transactions with an aggregate $56

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