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CHA, Sorrento JV Highlights Korean Immuno-Oncology Appetite

 
• By Jung Won Shin

Sorrento and CHA Biotech’s agreement to form a CAR-NK cell therapy joint venture is very much “on trend”, being the latest in a recent series of immuno-oncology collaborations between Korean and foreign firms and indicating a rapidly growing appetite for assets in the field.

Cancer cell

A new agreement between Sorrento Therapeutics Inc. and CHA Biotech Co. Ltd. underscores the ongoing efforts by South Korean biopharma firms to grab leading positions in the still early stage but rapidly growing immuno-oncology sector by seeking collaborations with international partners.

San Diego-based clinical stage company Sorrento and CHA, which has its R&D focus in stem cells and cell therapeutics, will create a joint venture to develop and commercialize proprietary chimeric antigen receptor (CAR)-modified cellular therapies

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