A South Korean pharmaceutical company has sparked massive investor enthusiasm and propelled its chairman into billionaire status after announcing a promising new weight-loss pill. The company, Sam Chun Dang Pharm (SCD), was founded in 1943 and has been developing innovative treatments for various health conditions over the years.
The latest development is S-Pass, a novel drug delivery system that transforms injectable medicines into easy-to-take pills. This breakthrough technology has caught the attention of investors, with shares skyrocketing by more than 75% this month alone. Yoon Dae-in, the chairman of SCD, now holds an estimated net worth of $2.1 billion, making him a prominent figure in South Korea's biotech and pharma billionaire club.
The weight-loss pill has been jointly developed with Daiichi Sankyo and is expected to be commercialized in Japan. The company has also received recognition from Seoul-based investment bank Korea Investment & Securities, which selected it as a "recommended stock of the week" due to its potential for clinical success.
In addition to S-Pass, SCD is developing another innovative treatment using microspheres to release drugs slowly over several months. This technology is being used to treat prostate cancer, and the company has signed an agreement with Takeda that could be worth up to $2 billion.
SCD's financial performance has also been impressive, with revenue rising 6.3% year-over-year to $113 million in the first nine months of 2025. Net income increased by 76% during the same period, further solidifying the company's position as a major player in the pharmaceutical industry.
With its commitment to innovation and cutting-edge technology, SCD is well-positioned for continued success in the market. As Yoon Dae-in continues to lead the company, it will be exciting to see how S-Pass and other developments shape the future of healthcare treatment and patient care.
The latest development is S-Pass, a novel drug delivery system that transforms injectable medicines into easy-to-take pills. This breakthrough technology has caught the attention of investors, with shares skyrocketing by more than 75% this month alone. Yoon Dae-in, the chairman of SCD, now holds an estimated net worth of $2.1 billion, making him a prominent figure in South Korea's biotech and pharma billionaire club.
The weight-loss pill has been jointly developed with Daiichi Sankyo and is expected to be commercialized in Japan. The company has also received recognition from Seoul-based investment bank Korea Investment & Securities, which selected it as a "recommended stock of the week" due to its potential for clinical success.
In addition to S-Pass, SCD is developing another innovative treatment using microspheres to release drugs slowly over several months. This technology is being used to treat prostate cancer, and the company has signed an agreement with Takeda that could be worth up to $2 billion.
SCD's financial performance has also been impressive, with revenue rising 6.3% year-over-year to $113 million in the first nine months of 2025. Net income increased by 76% during the same period, further solidifying the company's position as a major player in the pharmaceutical industry.
With its commitment to innovation and cutting-edge technology, SCD is well-positioned for continued success in the market. As Yoon Dae-in continues to lead the company, it will be exciting to see how S-Pass and other developments shape the future of healthcare treatment and patient care.