CJ MedTech and Kolon Pharmaceutical Sign CDMO Contract for Human Extracellular Matrix-Based Human Tissue Products
Securing the First External Client
Expanding the Human Tissue Manufacturing Platform Business
CJ MedTech, a company specializing in orthopedic and dental implants, is expanding its CDMO (Contract Development and Manufacturing Organization) business for human tissue products based on hECM (Human Extracellular Matrix).
On-site photo of the CJ Medtech-Kolon Pharmaceutical CDMO contract signing ceremony. CJ Medtech Photo by CJ Medtech
View original imageOn June 16, CJ MedTech announced that it had signed a CDMO contract with Kolon Pharmaceutical for the development, production, and supply of human tissue products based on hECM.
This contract marks the first case where CJ MedTech has extended its human tissue-based business platform to external clients. Through this partnership, Kolon Pharmaceutical aims to expand its aesthetic business portfolio, while CJ MedTech plans to broaden the business scope of its human tissue manufacturing platform.
The product subject to this agreement is a human tissue product for skin booster applications, utilizing hECM. CJ MedTech will be responsible for product development and manufacturing, quality control, regulatory compliance, and establishing the supply system. Kolon Pharmaceutical will handle sales and distribution targeting hospitals and clinics in Korea.
Starting with this collaboration, the two companies plan to gradually expand the scope of their partnership, including increasing supply volume and developing new product lines, in response to market demand and business performance.
CJ MedTech recently strengthened its capability to secure human tissue raw materials through the acquisition of a tissue bank located in Seongnam. Based on this, the company is building a human tissue-based business structure that covers everything from securing raw materials to product development, manufacturing, quality control, regulatory compliance, and supply.
The company intends to foster its human tissue-based business as a new growth pillar alongside its existing orthopedic and dental medical device businesses, and to strengthen its CDMO operations by expanding domestic and international partnerships in the future.
Hot Picks Today
Karina Fetches 6.7 Billion Won, Lives Under 24-Hour Armed Guard... World's Most Expensive Cow in the Spotlight
- "If It Breaks, That's It": Chaos Among Samsung and SK hynix Consumers... Soaring SSD Prices Mean "No Replacement, Only Refund at Original Price"
- "I'll Pay with Both Shares and Cash" vs "Cash Only"... Why Chey Taewon Filed a Further Appeal After Careful Deliberation
- Yu In-chon: "Even Sadder Than Last Year"...Bicycle Pilgrimage to Mark Brother's First Anniversary
- Do Night Runners Need Sunscreen? MFDS Says "UV from Streetlights Has Minimal Impact"
Hyunseung Yoo, CEO of CJ MedTech, stated, "This contract is the first case of extending our human tissue-based business platform to external clients," adding, "We will strengthen our role as a partner supporting the commercialization of our clients' products, based on our accumulated manufacturing infrastructure, quality control, and regulatory compliance capabilities."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
