Under a MOU signed between Merck; the Ministry of Trade, Industry and Energy; and Daejeon City, all the parties will work together to develop a new Bioprocessing Center in South Korea. The project aims to support commercial manufacturing for its biotech and pharmaceutical customers in the Asia-Pacific region.
Daejeon City/South Korea – Merck has signed a non-binding Memorandum of Understanding (MoU) with the Ministry of Trade, Industry and Energy (Motie), and Daejeon City for a new Asia-Pacific Bioprocessing Center, aimed at supporting the region’s healthcare ecosystem. The planned bioprocessing facility would support commercial manufacturing for biotech and pharmaceutical customers across Asia-Pacific.
“South Korea is an emerging global leader in the biotech industry, and this Memorandum of Understanding demonstrates Merck’s commitment to the region by working closely with the government to better support our customers,” said Matthias Heinzel, Member of the Executive Board of Merck and CEO, Life Science. “The proposed facility would play a vital role in fulfilling demand in the Asia-Pacific region while representing an important hub for further biopharma industry development in South Korea.”
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“We expect this collaboration to serve as an opportunity for our pharmaceutical-bio sector to take a leap forward as the science and technology industry of South Korea,” said Chang Yang Lee, Minister of Trade, Industry & Energy. “Daejeon is the birthplace of the Korean biotech industry. Today, it’s where companies, big and small, are intensely focused on technological innovation and talent development to bring new and novel therapies to market,” said Jang Woo Lee, Mayor of Daejeon. “Together with Merck, this planned investment cooperation will help support Daejeon’s growth to become a world-class biotech hub.”
Merck also plans to work with the Daejeon Government to support biotech companies based in the Daedeok Research Complex located in Daejeon, as well as expand the bio-research cooperation with leading Korean universities.
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