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Genexine Raises New Funds To Progress Promising HPV, Other Projects

 
• By Jung Won Shin

South Korean bioventure Genexine is on track to meet its goal of progressing and expanding this year the clinical development of its leading assets - orphan disease drugs and cancer immunotherapies. The company now plans to raise new funds via share and bond issues to domestic and overseas investors including its Chinese strategic alliance partner Tasly.

SEOUL - Genexine Inc. is to raise a total of KRW80bn ($69.3m) in bond and share issues to enable progression of global clinical trials for its core pipeline projects, including a promising HPV vaccine, and pursuing expanded indications.

The latest funding plan is "aimed at progressing the Phase II clinical trials of GX-188E, an HPV therapeutic DNA vaccine, in South Korea and Europe, preparing for Phase III trials...

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