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Jakarta Post

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

  • The Jakarta Post

Jakarta   /   Fri, July 12 2019   /  02:34 am

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.The company was processi...