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Sk Inc., The Second Largest Conglomerate In South Korea, Has Invested $350 Million In The Center For Breakthrough Medicines

Sk Inc., The Second Largest Conglomerate In South Korea, Has Invested $350 Million In The Center For Breakthrough Medicines

01/10/22, 4:47 PM
Money raised
$350 million
Industry
manufacturing
health care
The Center for Breakthrough Medicines (CBM) announced today that it has received $350 million in equity financing from SK Inc. (KRX: 034730) (SK). CBM is partnering with SK to create the world's largest end-to-end cell and gene therapy contract development and manufacturing organization (CDMO).

Company Info

Company
The Center For Breakthrough Medicines
Additional Info
CBM is a horizontally integrated cell and gene therapy contract development and manufacturing organization (CDMO). CBM offers fully integrated, bench to bedside, pre-clinical through commercial manufacturing capabilities including, process development, plasmid DNA, viral vector manufacturing, cell banking, cell processing, and a full suite of complimentary testing and analytic capabilities. CBM's innovative horizontal integration enables the utmost quality and accelerates time to market and affordability of advanced therapies from discovery to commercialization without compromising quality through a single-source, end-to-end solution, providing the opportunity for incubators, academics, researchers, and companies small to large to align with the most comprehensive manufacturing partner in the industry.