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North Chungcheong Province Signs Agreement with French Pharmaceutical Firm
Date
2013.03.28
Views
380
The North Chungcheong provincial government, Shin Poong Pharm, and LFB signed a strategic alliance agreement last Monday. LFB is a state-owned French pharmaceutical company.
Korea’s Shin Poong Pharm and France’s LFB will establish a joint venture company with an investment of USD 42 million to construct a biopharmaceutical manufacturing plant in the Osong Biovalley in North Chungcheong Province by 2015.
“LFB develops, produces, and distributes medicines used to treat rare high-risk diseases,” said a provincial official.
Source: Newsis (Mar. 25, 2013)
** This article was translated from the Korean.