May 26, 2018

Green Cross MS signs W8b supply deal with Boryung

PUBLISHED : May 19, 2017 - 16:54

UPDATED : June 02, 2017 - 18:33

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

[THE INVESTOR] Korean diagnostic reagents maker Green Cross Medical Science has signed an 8.05 billion won (US$7.14 million) contract with Boryung Pharmaceutical to supply dialysate solution, the firm said on May 19.

Under the agreement, Green Cross MS will supply 90 billion won worth dialysis fluid, which is used to pull toxins from the blood into the dialysate, to the Seoul-based drug maker for the next 10 years. 

The supply volume of this contract is equivalent to 20 percent of Korea’s hemodialysis solution market.

The deal comes as the firm seeks to diversify its business portfolio which has been focusing on reagents.

“The contract will enable Green Cross MS to concentrate on the hemodialysis solution business while Boryung can focus on sales,” said Kim Young-pil, president at Green Cross MS.

By Park Han-na (

  • 페이스북
  • 트위터
  • sms
Herald Corporation|CEO : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Shin Chang Hoon
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0615|Business info