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Lotte Biologics launches new ADC manufacturing facility in Syracuse, marking first U.S. contract.
South Korean biotech firm Lotte Biologics has signed its first manufacturing contract to produce an antibody-drug conjugate (ADC) for a clinical trial with an Asia-based firm.
This marks the launch of Lotte Biologics' new ADC facility in Syracuse, New York, which meets U.S. manufacturing standards.
The company has invested $100 million in the facility, aiming to become a leading provider in the biotech sector and achieve $1.05 billion in sales by 2030.
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Lotte Biologics lanza una nueva instalación de fabricación de ADC en Syracuse, marcando el primer contrato en los Estados Unidos.