Lotte Biologics CEO Richard Won-jik Lee announced the company’s full-fledged entry into the biopharma market as a CDMO at the 2023 JPMorgan Healthcare Conference.  (Source:Lotte Biologics)
Future Vision

Lotte Biologics Intends to Become a Global CDMO

Lotte Biologics has acquired the Syracuse plant in the United States from Bristol Myers Squibb Co. and now plans to expand it by adding ADC contract manufacturing services as well as clinical drug substance incubation and drug product facilities. The firm also plans to invest 3 billion dollars to develop three mega plants in Korea by 2030 with a total production capacity of 360,000 liters of antibody drugs.

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The facilities safety and technical standards can be compared to other giants from the industry such as the American pharma firms Pfizer and Moderna as they use the same equipment, sourced from Germany, Europe, and the USA.  (Source: Serum Institute of India)
Serum Institute of India

Everything You Need to Know About the World’s Largest Vaccine Maker

The Serum Institute of India (SII) has been producing more than 20 different types of vaccines and supplying it to numerous countries across the globe since ages but it was the biopharma company’s Covid-19 vaccine that made headlines amidst the Coronavirus pandemic. With state-of-the-art technologies and equipment, the production facilities at the firm’s Pune site in India meet the highest standards of various regulatory agencies. PROCESS Worldwide offers an insight into the world’s biggest vaccine factory.

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Plug Power and Nikola Corporation have announced a strategic relationship focused on moving the hydrogen economy forward. (Source: Pixabay)
Sustainability

Plug Power to Supply Green Hydrogen to Nikola

Plug Power has entered into a strategic relationship with Nikola Corporation to accelerate the hydrogen economy. Under this collaboration, Plug Power will supply green hydrogen to Nikola from January 1, 2023 and Nikola will also purchase a 30 TPD liquefaction system from Plug for its Arizona Hydrogen Hub.

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