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Stable Cash Flow, New Modalities Key To SK Bio’s Journey To Big, Balanced Biotech

More Acquisitions Eyed After ProteoVant Stake

 
• By Jung Won Shin

South Korea's SK Biopharmaceuticals unveils a new long-term road map, or "financial story", which involves generating substantial cash flow and expansion into new modalities with the ultimate goal of becoming a “balanced, big biotech.”

Donghoon Lee, CEO of SK Biopharmaceuticals
SK Biopharm's CEO Donghoon Lee • Source: SK Biopharmaceuticals

Further sales growth for the anti-epileptic cenobamate to create stable cash flow and setting a new strategy for the future. These have been the two major tasks facing Donghoon Lee since he became the new CEO of SK Biopharmaceuticals Co., Ltd several months ago.

“Among Korean biopharma firms, SK Biopharmaceuticals is the only company that directly handles sales of its US FDA-approved, in-house-developed new drug with its own sales workforce. It will be crucial...

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