PANGYO, South Korea–(BUSINESS WIRE)–CHA Medical & Bio Group officially began construction of its Cell Gene Biobank (CGB) facility in Pangyo, South Korea. Investing over $250 million in the project, the new 710,000 ft2 site will comprise one of the world’s largest single facilities for cell and gene therapy manufacturing and advanced stem cell biobanking. The construction of the state-of-art facility is expected to be completed by the end of 2024.
Within the facility, the space dedicated for cell and gene therapy will offer integrated CDMO services for mRNA, viral vectors, and plasmid DNA, providing GMP production with multiple segregated cleanrooms to deliver greater manufacturing efficiency. The stem cell biobank will be designed to store various cell types including stem cells, NK cells, cord blood, sperm cells, and egg cells.
At its new CGB facility, CHA Medical & Bio Group will integrate its proprietary cell separation, cell culture, and cryopreservation technologies with its wide range of services to provide more optimized and customized approaches to cell and gene therapy development.
“Cell and gene therapy development and production requires extensive expertise and highly specialized equipment when compared to other biologics with more established manufacturing processes, such as antibodies,” said Dr. Kwang Yul Cha, the global research and innovation leader at CHA Medical & Bio Group. He further mentioned that “we believe that this CGB will function as the leading cell and gene therapy manufacturing hub of Asia, incorporating CHA Biotech’s long history and in-depth knowledge of cell therapy R&D and manufacturing process technology.”
Upon its completion, CGB will act as a key growth engine of CHA Medical & Bio Group’s CDMO business. Together with Matica Biotechnology, Inc., the company’s affiliate cell and gene therapy expert CDMO in the U.S., CHA Medical & Bio Group aims to establish a differentiated strategy for building a strong, global CDMO network.
About CHA Medical & Bio Group
CHA Medical & Bio Group is world leading healthcare enterprise in Korea. It operates multiple medical centers, more than 48 affiliate companies and CHA university. CHA Medical & Bio Group is currently expanding its business into cell and gene therapies, aiming to contribute to health of the entire global community through substantial research and innovation in biotechnology.