KT&G to start researching cancer, obesity treatments

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KT&G to start researching cancer, obesity treatments

KT&G said yesterday that it will jump into pharmaceuticals in a bid to diversify its business portfolio.

The company said it launched KT&G Life Sciences, formerly known as Mazence, which KT&G acquired late last year to spearhead the business. KT&G said it will focus on developing treatments for cancer and osteoporosis and drugs for atopic diseases, as well as new medicines for diabetes and obesity that Mazence has researched.

KT&G Life Sciences will create synergy in cooperation with another affiliate, Yungjin Pharm Industry, said KT&G.

KT&G is recently seeking to expand its business territory in efforts to diversify its revenue sources. It took over Somang Cosmetics last year to enter the booming beauty industry. Yonhap

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