Daewoong Pharmaceutical Receives World's First Halal Certification for Biopharmaceutical Product Derived from Animal Cells through Indonesian Joint Venture, Daewoong Infion

SEOUL,South Korea,Jan. 8,2020 -- Daewoong Infion Co. has achieved world's first halal certification for animal cells-derived biopharmaceuticals.

Daewoong PharmaceuticalCo.,Ltd. (CEO SenghoJeon)announcedthat Daewoong Infion,the company's joint venture with Infion,an Indonesian company,has obtained halal certification from The Assessment Institute for Foods,Drugs and Cosmetics,the Indonesian Council of Ulama (LPPOM MUI) for the joint venture's Erythropoietin (EPO) product,Epodion on the 3rd.

Daewoong Infion is a joint venture of Daewoong Pharmaceutical and an Indonesian company,Infion,that was formed in 2012. Indonesia's first biopharmaceutical plant has been constructed in Surabaya and is currently producing and selling Indonesia's first biosimilar drug,Epodion.

Epodion is an anemia treatment for dialysis patients with kidney failure and cancer patients,which obtained approvalfrom Indonesian National Agency of Drug and Food Control (BPOM) in December 2016 and was launchedinApril 2017. Six months after its launch,the product has ranked 1st in Indonesia's EPO market and currently leading with over 40% of the market share.

Indonesia,which has the world's largest Muslim population in the world,implemented the HalalProductGuarantee Act in October 2019,which requires mandatory labeling of all foods,cosmetics,chemicals,and biological products that are halal certified. MUI,Indonesia's halal certification body,is one of the world's three largest halal certification bodies,along with Malaysia's JAKIM and Singapore's MUIS.

Daewoong Infion has been preparing to enter the global market through Halal certification in Indonesia based on Epodion's achievements.Following the product licensing of Epodion,Daewoong Infion formed a separate team to obtain its halal certification. As a result,after the halal certification applicationin October 2017 and going through a due diligence in 2019,within 2 years,the halal certification has been obtained.

Based on halal certification,Daewoong Infion plans to obtain Halal certification for all products that are being produced in Indonesia,including Epidermal Growth Factor (EGF) and growth hormone-making Caretropine(Caretropin).

"Daewoong Pharmaceutical is aiming to enter the Middle East drug market,based on halal certification from Indonesia,the largest Muslim country,"said Chang Woo Suh,CEO of Daewoong Infion."As a global healthcare company,we will do our best to contribute to improving the quality of life for many Muslims around the world by providing excellent and safe medicines."

Meanwhile,Daewoong Infion won the Indonesian Minister of Health and Welfare's Award in 2017 for its outstanding biopharmaceuticals and accomplished the achievement of being selected as the best biopharmaceutical company from the Indonesian Food and Drug Administration.