Time To Grow: SK Bioscience Eyes US Vaccine, CGT Acquisitions This Year

CEO Doesn’t Believe CGT Market Faces Overcapacity

SK Bioscience CEO outlines the progress the firm is making in its growth acceleration strategy, which involves aggressive M&As and other investment plans.

Jae-Yong Ahn, CEO of SK Bioscience
SK Bioscience's Aggressive Investment Could Delay Its Turnaround For Few Years • Source: SK Bioscience

SK Bioscience is aggressively looking at acquisitions of a vaccine firm as well as a cell and gene therapy (CGT) manufacturing firm in the US with a possibility of reaching deals as early as this year.

Following its growth strategy announced last year, the vaccine specialist affiliate of the SK Group allocated KRW2.4tn ($1.8bn) in R&D and other investments over the next five years, sharply up from KRW460bn spent in the past five years

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