Based on the
solid infrastructure for food business developed during the
last half-century and the biotechnology R&D power of TS
Central Research Labs, TS stepped into the biotechnology business.
Bio-Business Division was newly organized in March 2002 to
develop the manufacturing and marketing biologics, which is
generally known as one of the leading high-tech industries
in the 21st century.
Two KGMP facilities
for mammalian cell culture and microbial fermentation are
under construction in the TS Oksan bio-plant site, which is
the first-of a-kind independent biologics manufacturing facility
in Korea and their commercial operation is expected to begin
in 2004. Along with two biological products, erythopoietin
and streptokinase, more product pipelines will be developed
continuously with the Labs. In the long run the Labs intended
to grow into an independent pharmaceutical company competing
in the worldwide market with its own new drugs approved in
North America and European countries.
As the completion
of Human Genome Project in 2000, the number of new drugs under
development is increasing exponentially every year, leading
to the worldwide demand-supply imbalance. As contract-manufacturing
industry in Korea is still in its infant stage, TS plans to
be the front-runner in manufacturing clinical test samples
and developing new drugs based on the platform technologies
secured in the TS Oksan KGMP plant. In the future, TS will
construct cGMP biologics manufacturing facilities in North
America and Europe to challenge overseas biologics contract
manufacturing markets.