Interview: Celltrion's Journey To The Top
In just 15 years since its establishment, Celltrion has transformed from a modest contract manufacturer in South Korea into a global leader in antibody biosimilars. In this instalment of Scrip’s Leadership Series, CEO Woo Sung Kee talks about what it has taken for the company and its top management to achieve such rapid growth, its ambitions to enter the global top 10 biotech firms, and his own work philosophy.
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Biosimilar specialist Celltrion is aiming for the next stage of growth by setting up its own global direct sales and marketing system and through a new subcutaneous formulation of infliximab, and is looking to begin discussions with existing overseas marketing partners.
Celltrion has opted to use its biologics CDMO business as part of its first open innovation strategy to access and develop novel drugs by sharing development costs or licensing in product candidates, a move seen as unique among biosimilar companies.