- Business
- Chong Kun Dang Pharmaceutical Corp. Chong Kun Dang Pharmaceutical Corp. (185750.KS) manufactures, markets, and sells prescription and over-the-counter pharmaceuticals primarily in South Korea and internationally; its core products include prescription drugs such as the anticancer agent Camptobell (belotecan), antidiabetic Duvie (lobeglitazone), antihypertensives Dilatrend (carvedilol) and Telminuvo, anti-hyperlipidemics Lipilou, and immunosuppressant Tacrbell, alongside OTC remedies like headache treatment Penzal, antithelmintic Zelcom, digestive aid Sok-chung, women's health products Prefemine and Simidona, supplements including prebiotics Prelacto and omega-3 vitamins, healthy beverages such as Ja-Whang and red-ginseng drinks, and consumer health items like insecticides Jjong aerosol. The company, founded on May 7, 1941, and spun off on November 5, 2013, is headquartered at 8, Chungjeong-ro, Seodaemun-gu, Seoul, South Korea, and operates manufacturing facilities in CheonAn for global exports to regions including Japan, China, Southeast Asia, MENA, Africa, and Europe, supported by a Vietnam representative office since 2012 and an Indonesian joint venture PT CKD OTTO Pharmaceuticals established in 2015 with a halal-certified anticancer factory added in 2019. Chong Kun Dang Pharmaceutical Corp. maintains partnerships with multinational firms including Bayer, Roche, Pfizer, MSD, Amgen, Novartis, and Synaffix for in-licensed products like Avelox, Januvia family, Prolia, and ADC technologies; recent developments encompass a November 2023 $1.305 billion technology export deal with Novartis for HDAC6 inhibitor CKD-510 targeting autoimmune, neurological, and oncology indications, a 2.2 trillion won investment announced in October 2025 for a biopharmaceutical R&D complex in Siheung City, establishment of U.S. subsidiary CKD USA in Boston in 2024 as a global R&D hub, milestone payments from Novartis in May 2025 following Phase 2 trial submission for CKD-510, and advancements in pipelines like anticancer CKD-516, CKD-581, CGT/ADC therapies CKD-702 and CKD-703, and HDAC6-selective inhibitors.