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Jakarta Post

RI-South Korea joint venture establishes $30 million oncology factory

  • News Desk

    The Jakarta Post

Jakarta   /   Thu, July 11, 2019   /  04:01 pm
The Jakarta Post Image
CKD OTTO Pharmaceuticals inaugurated the opening its new factory in Cikarang, Bekasi, West Java on Tuesday, July 9, 2019. The factory produces cancer-treatment pharmaceutical products, better known as oncology products(Shutterstock/Aleksandar Karanov)

PT CKD OTTO Pharmaceuticals (CKD OTTO Pharma) has recently established a US$30 million factory to produce cancer treatment pharmaceutical products, better known as oncology products. President director Baik In Hyun said at the grand opening of the factory on Tuesday that the company had obtained legal distribution permits (NIE) to market its new powder and liquid injection oncology products. CKD OTTO Pharma is a joint venture between Korean pharmaceutical company Chong Kun Dang Pharmaceutical Corp. (CKD) and PT OTTO Pharmaceutical Industries (OTTO), a subsidiary of the Indonesian pharmaceutical MENSA Group. “The products consist of gemcitabine, paclitaxel and oxaliplatin,” Baik said, adding that besides producing the three, the company also produced seven other products - docetaxel, epirubicin, carboplatin, doxorubocin, methotrexatee, pemetrexed and bortezomib. Th...