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Genexine Seeks China Entry Through Multi-Biologic Tasly Tie-Up

 
• By Jung Won Shin

South Korean biotech firm Genexine is broadening its presence in Asia. Following an agreement earlier this month with Kalbe Farma to set up a joint venture in Indonesia, it has now signed a licensing out deal for protein therapies with a subsidiary of China’s Tasly Pharmaceutical.

SEOUL - Genexine Inc. has signed a $125m licensing out agreement with Tasgen Bio-Tech Co. Ltd., a subsidiary of China’s Tasly Pharmaceutical Co. Ltd., for the development and commercialization of its protein therapies in China.

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