Solid Biotech Co. is specialized in quasi-drugs and medical devices since its establishment in May 2020, with the purpose of manufacturing quasi-drugs (masks), consignment production of medical devices (diagnostic kits), and sales of medical devices.
The in vitro diagnostic reagent sector is a high value-added industry with an annual market growth rate of 23%, which is expected to be a business area where Korean bio ventures can have sufficient international competitiveness in that ideas and biotechnology application marketing skills are prioritized over other bio industries that require long technology accumulation.