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Outsourcing

SK Pharmteco acquires the Center for Breakthrough Medicines

by Rick Mullin
September 29, 2023 | A version of this story appeared in Volume 101, Issue 32
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SK Pharmteco, a US-based subsidiary of South Korea’s SK, has acquired a controlling interest in the Center for Breakthrough Medicines (CBM), a cell-and-gene-therapy contract development and manufacturing organization (CDMO) in King of Prussia, Pennsylvania. The move follows SK Pharmteco’s $350 million investment in CBM in 2022 and its acquisition of Yposkesi, a viral vector CDMO based in Évry-Courcouronnes, France, in 2021. SK Pharmteco intends to merge the two operations.

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