News & Event
- News & Event
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.