NKMAX, First Order from Chinese Student Group NK365... "1.8 Billion KRW Scale"

NKMAX announced on the 21st that it received the first order of 1.8 billion KRW worth of the immune-enhancing health functional food ‘NK365’ from Sugang Group, a leading medical and health services company in China. This supply is part of the NK365 supply contract signed by both companies on the 4th, and continuous supply is expected in the future.

Sugang Group is a company with diverse business experience in the medical and health service sectors in China. It has partnered with JD.com, the second largest e-commerce company in China, to jointly sell healthcare products such as health functional foods and cosmetics.

NKMAX began collaboration with Sugang Group starting with a memorandum of understanding (MOU) for investment attraction in March this year. From the MOU stage, Sugang Group plans to expand purchases of NKMAX products including the NK View Kit, NK365, and Superbiotics.

Additionally, on the 7th of this month, NKMAX and Sugang Group signed a letter of commitment (LOC) for a $50 million (approximately 65 billion KRW) investment, and are currently pursuing the main contract.

In the future, NKMAX plans to promote its cell therapy business locally in China through the establishment of a joint venture. The administration and sale of NK cell therapy products are legalized in China, allowing NKMAX’s cell therapy technology to be utilized. NKMAX intends to start its business based at the ‘Jinan Medical Center,’ a public hospital in Jinan City where major hospitals are concentrated, and expand throughout China.

A company representative stated, "This NK365 supply contract is at the initial volume level, and Sugang Group has indicated that there will be continuous product orders." They added, "Starting with NK365, sales are expected to expand to various products such as the NK View Kit, which diagnoses NK cell activity."

Meanwhile, NKMAX is expanding sales of NK365 and the NK View Kit not only in China but globally. This year, it has signed exclusive supply contracts with sales channels in various countries, ranging from Southeast Asia including Vietnam, Thailand, and Malaysia to Europe including Italy and Switzerland.

This content was produced with the assistance of AI translation services.