[Case of Overseas Expansion in West Virginia, USA] Pharmaceutical Manufacturer Construction of a Manufacturing Base for Therapeutic Drugs
Manufacturing top-quality insulin in partnership with West Virginia University!
We would like to introduce a case where the biopharmaceutical manufacturer UNDBIO (South Korea) is advancing as a manufacturing base for diabetes treatment drugs. The company produces top-quality insulin through a partnership with West Virginia University. The reasons for this expansion include the high quality of the workforce and the historical and geographical environment. 【Case Overview (Partial)】 ■ Investment Amount: US$1 million/phase 1 ■ Location: Morgantown Business Park, WV ■ Products Manufactured: Insulin, insulin analog formulations ■ New Employment: 200 people within 3 years, ultimately reaching 600 people *For more details, please refer to the PDF materials or feel free to contact us.
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【Other Case Overview】 ■Schedule - Start of factory construction in the second half of 2022 - Completion of the factory in 2023 - Groundbreaking ceremony in September to October 2023 - Start of clinical drug manufacturing for clinical trials in 2024 ■Future Plans - Engaging in FDA approval acquisition work in Phase 1, followed by further expansion of additional projects *For more details, please refer to the PDF document or feel free to contact us.
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For more details, please refer to the PDF document or feel free to contact us.
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The West Virginia Government Office in Japan is an overseas office of the International Division of the West Virginia Department of Economic Development. West Virginia is located in the eastern United States, surrounded by five states, including major cities like Washington D.C. and Pittsburgh, and is known for its strong manufacturing sector. The main characteristics of West Virginia are as follows: - Low industrial electricity and gas rates (due to coal, natural gas, and shale gas-fired power generation, as well as having one of the largest wind farms in the East and being home to the Appalachian Hydrogen Hub in Morgantown). - One of the largest wind farms in the eastern United States, advantageous for the use of green energy. - Excellent access to the large market in the eastern United States and a logistics hub. - High retention rates (ranked first in the nation for low manufacturing turnover rates according to the U.S. Department of Labor's Bureau of Labor Statistics). - Resilience to natural disasters (the terrain, which is largely covered by the gently sloping Appalachian Mountains, has solid bedrock, making it less susceptible to earthquakes, hurricanes, and tornadoes). Particularly active industries include chemicals, automotive parts, aerospace and defense, steel, metal processing, building materials, and IT, with recent growth in the EV and battery industries.