Tag Archives: Korean

Korean biotechs snatch U.S. stem cell manufacturing facility

A pair of Korean biotechs have teamed up to buy stem cell manufacturing facilities and other assets of a failed U.S. biotech to establish a foothold in the U.S. SCM Life Science and Genexine have paid 12.5 billion won ($ 11.1 million) for the 20,000-square-foot manufacturing site, research and intellectual property of Durham, North Carolina-based Argos… Read More »

Lured by high demand, Korean wholesaler smuggled Novo’s obesity drug Saxenda into China

Anti-obesity drug Saxenda has been one of Novo Nordisk’s key growth drivers lately—and apparently, a Korean wholesaler noticed. The pharmaceutical middleman allegedly smuggled the popular drug into China, where it’s not yet approved. Korean regulators are investigating the wholesaler for allegedly hawking Saxenda in China, Korea Biomedical Review reported, citing multiple sources. A Novo spokeswoman confirmed to FiercePharma… Read More »