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  • Integrated Celltrion launches with goal of 40T market cap
  • by Kim, Jin-Gu | translator Kim, Jung-Ju | Dec 29, 2023 05:39am
Celltrion+Celltrion Healthcare to launch integrated corp¡¦.Merger completion after new stock listing next year.
Market capitalization of the integrated Celltrion is expected to reach around 40T won.
Two-phase merger with Celltrion Pharm within 6 months¡¦12T won sales target by 2030.

Celltrion and Celltrion Healthcare are set to launch an integrated corporation. The market capitalization of the integrated Celltrion is expected to reach around 40 trillion won.

The launch of the integrated Celltrion is anticipated to unify the previously dispersed biosimilar production and distribution processes. This merger may address longstanding controversies such as allegations of unfair business partnership and inflation of sales figures.

The newly merged entity aims to expand its business focus from primarily biosimilars to a new drug development. Seo Jung-jin, the chairman of Celltrion, announced company¡¯s initiative to increase the sales to 12 trillion won by 2030 through this integration.

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