- Business
- BINEX Co., Ltd. (053030.KQ) operates as a biopharmaceutical contract development and manufacturing organization (CDMO) in South Korea, providing comprehensive services from cell line development and process optimization to GMP manufacturing of drug substances and drug products; its offerings encompass cell cultivation in mammalian systems up to 5,000L scale, microbial fermentation, analytical method development, and production of biologics including monoclonal antibodies, bispecific antibodies, Fc-fusion proteins, recombinant proteins, and DNA vaccines, alongside chemical pharmaceuticals such as digestive agents (Bisroot, GI tract regulators, antispasmodics, antiulcer drugs), NSAIDs, cardiovascular and urology products, hepatic protectors, ointments, creams, ophthalmic solutions, CNS agents, antibiotics, antifungals, cough and cold remedies, vitamins, nutrients, antihistamines, antivertigo agents, laxatives, and OTC products. Founded in 1957 and headquartered in Busan at 368-3 Dadae-ro, Saha-gu, the company serves domestic and international clients in the healthcare sector, including major pharmaceutical firms, with facilities certified by regulatory authorities such as FDA, EMA, PMDA, and MFDS, and operates the Korea Biotechnology Commercialization Center (KBCC). Recent developments include a record-breaking 20.8 billion KRW biosimilar production contract signed in September 2025 with a global bio company, a KRW 50 billion funding round from investors including Kiwoom Securities and Aju IB Investment, and ongoing CMO partnerships such as with PharmAbcine for olinvacimab production on its new 5,000L line, reinforcing its position in biologics manufacturing amid expanding global demand.