The third-generation comprehensive nutrition solution developed by JW through technological innovation is on its first export path. JW Life Science, a subsidiary of JW Holdings, announced on June 11 that it has completed the quality verification process for the three-chamber comprehensive nutritional solution called FINOMEL, which will be introduced in the European market, and has begun shipping it in earnest.
FINOMEL, which will be shipped for the first time in the port of Busan, will be supplied to the Britain, Denmark, Sweden, Finland and other European countries, whose market approval has been completed through Baxter, the world's largest company in the fluid sector.
It is the first time for an Asian pharmaceutical company to export a complete product of the total nutritional solution to Europe, the world's largest market. It is the first non-European plant in terms of production facilities.
After signing an exclusive license contract with Baxter in 2013, JW Life Science has expanded its automatic production lines for the three-chamber comprehensive nutritional solution based on its own technology.
It has also been preparing to enter global markets by winning EU-GMP certification in March last year.
FINOMEL currently has the highest Omega-3 component content and contains vitamin E among the three-chamber nutrient fluids released in Europe, which features helping not only supply essential nutrients but also improving immunity.
"This is a meaningful moment when JW, which has been leading the domestic market since its successful localization of sap in 1959, has taken its first step in Europe, which was considered a dream stage," a JW Life Science official said.
"We will continue to accelerate research and development to secure new technologies and new products, and strengthen our portfolio of high-value products to preempt future markets," he added.
As of 2018, the global market for three-chamber total nutritional solution is worth 853 million U.S. dollars. The European market is worth about 574 million U.S. dollars, accounting for 67 percent of the total market.