Thursday, 17 August 2017

Korea's Green cross expands cell therapy business in China

12 March 2015 | News | By BioSpectrum Bureau

Korea's Green cross expands cell therapy business in China

Green Cross expands cell therapy in China

Green Cross expands cell therapy in China

Singapore: South Korean biopharmaceutical company, Green Cross, is expanding its presence in China by building a cell therapy facility to produce and distribute cell therapy products in the country.

Green Cross has a growing portfolio of approved and investigational cell therapy projects including T cell, NK cell, dendritic cell and stem cells.

"Our investment reflects the strength of our business and the increasingly important role that cell therapy will play in Green Cross' future," said BG Rhee, president, Green Cross. "Over the last 20 years, Green Cross has maintained a significant manufacturing facility and sales forces for plasma fractionation business in China, and we look forward to building on that legacy through this business expansion."

According to a report from McKinsey & Company, China's pharmaceutical market has grown at a rapid 21 percent compound annual rate over the years. In a recent forecast, China's pharmaceutical market is projected to continue to grow at around 17 percent annually and likely to become the second-largest pharmaceutical market by 2020.

Comments

× Your session has been expired. Please click here to Sign-in or Sign-up
   New User? Create Account

Orchard Therapeutics appoin...

Survey Box

Does Asia have more to offer to the global 3D cell culture market?

× Please select an option to participate in the poll.
Processing...   View poll results   More polls

× You have successfully cast your vote.
{{ optionDetail.option }}{{ optionDetail.percentage }}%
{{ optionDetail.percentage }}% Complete
More polls