Aprogen

About Aprogen

Aprogen Inc., a South Korean biopharmaceutical entity, was established in March 2000 by Jaeseob Kim, alongside three faculty members from the Korea Advanced Institute of Science and Technology (KAIST) and a principal investigator from the Korea Research Institute of Bioscience and Biotechnology (KRIBB). The company focuses on the development and manufacturing of biosimilars and new biologic drugs, positioning itself within the global biologics market. Through a series of mergers and acquisitions, including with Aprogen Biologics and Aprogen KIC, the company has expanded its operations and became publicly listed on the KOSPI market in July 2022.

The company's business model encompasses a dual strategy: producing biosimilar products and developing novel biopharmaceuticals targeting significant markets like oncology and vascular diseases. Aprogen generates revenue through the manufacturing and sale of pharmaceutical products, including amino acid infusion agents and antibiotics, as well as through licensing and distribution agreements for its biosimilars. One such significant partnership is with Nichi-Iko Pharmaceutical Co., Ltd. for the global licensing and supply of its infliximab biosimilar (GS-071). The company operates as a Contract Development and Manufacturing Organization (CDMO), with Aprogen focusing on development (CDO) and its subsidiary Aprogen Biologics on manufacturing (CMO). Its operations have also diversified into non-pharmaceutical areas like metal surface hardening.

Aprogen's product pipeline includes biosimilars for major biologics such as infliximab, trastuzumab, rituximab, and adalimumab. The company's infliximab biosimilar has been launched in Korea and Japan. In its novel drug development, Aprogen is advancing candidates like AP185 for vascular diseases and AP216 for various cancers. The company has built a portfolio of proprietary technologies which include a method for humanizing antibodies (SDR grafting), recombinant protein engineering to enhance stability and activity, and systems for developing high-productivity cell lines for manufacturing. This technological infrastructure supports the entire development process, from cell line creation to pre-clinical and clinical trials, enabling the production of active pharmaceutical ingredients (APIs) at a significant scale.