South Ko­re­an gi­ant's biotech arm to make $35M in­vest­ment in Irish fa­cil­i­ty

Amidst a hail of in­vest­ments com­ing from South Ko­re­an con­glom­er­ates in­to biotech, in­clud­ing Lotte and Sam­sung, SK is look­ing to get in on the ac­tion.

SK Pharmte­co, a CD­MO and sub­sidiary of the sec­ond-largest con­glom­er­ate in South Ko­rea, is in­vest­ing $35 mil­lion to ex­pand SK’s phar­ma­ceu­ti­cal man­u­fac­tur­ing plant in the Dublin sub­urb of Swords, Ire­land, in­clud­ing a new build­ing.

Ac­cord­ing to SK, the ex­pan­sion project will pro­vide an in­crease in the site’s man­u­fac­tur­ing ca­pac­i­ty and ca­pa­bil­i­ties, com­ing on­line some­time in 2024.

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