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Lotte Biologics partners with Asimov for CDMO collaboration in US

Mar 13, 2025•about 1 year ago

Contract Type

partnership

SeoulManufacturingBiotechnologyBiopharma

Description

Lotte Biologics has signed a memorandum of understanding (MOU) for collaboration in the contract development and manufacturing organization (CDMO) business with Asimov, based in Boston, Massachusetts. With this agreement, Lotte Biologics plans to provide comprehensive services from cell line development to GMP (Good Manufacturing Practice) production utilizing Asimov's next-generation cell line development platform technology.

Company Information

Company

Lotte Biologics

Location

Seoul, Seoul, South Korea

About

Lotte Biologics is a rapidly expanding contract development and manufacturing business with a dual-track strategy of acquisitions and new construction. The company focuses on biologics manufacturing and has operations in various locations including Syracuse, New York and Songdo, Incheon.

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Predictive Intelligence
Strategic

ML-powered predictions for Lotte Biologics's next move

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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