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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.

Under the agreement, Tasgen will acquire the sales rights in the country to three of Genexine’s protein drugs that are...

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