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Robust Appetite For Biosolution IPO As OA Cell Therapy Nears Commercialization

 
• By Jung Won Shin

Biosolution's IPO, which was priced at the high end of the range despite dampened biotech sentiment following the arrest of Nature Cell's CEO, is poised to help accelerate commercialization of the South Korean cell therapy company's osteoarthritis treatment CartiLife and the progress of other pipeline assets.

South Korea
Biosolution IPO draws strong interest • Source: Shutterstock

Amid the expected approval of the company's novel osteoarthritis therapy, investors showed a strong appetite for Biosolution Co. Ltd.'s initial public offering on Aug. 9-10, helping the South Korean cell therapy venture to raise KRW43.5bn ($38.5m).

The company priced 1.5 million common shares at KRW29,000 each in the IPO, which was at the top end of...

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Q2 Korea Biotech Roundup: Licensing Deals End, Trials Progress, IPOs Recover

 
• By Jung Won Shin

Aside from several sizable global out-licensing deals, South Korean bioventures saw a cancellation of other alliances, updated their pipelines with losses and gains and reported clinical trial progress in the second quarter, while domestic IPO sentiment also improved.

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Despite recent political turmoil, outside investor and corporate interest in South Korean biopharma innovation appears robust or even increasing.

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Profit-Sharing AI Model Proposed To Boost Korean Drug R&D

 
• By Jung Won Shin

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More from Focus On Asia

Sino Biopharm Scoops LaNova In Chinese Pharma’s Biggest Biotech Buyout So Far

 
• By Dexter Jie Yan

Sino Biopharm will pay almost $1bn to acquire what target LaNova’s CEO described as an “exploding” pipeline, which includes six clinical-stage candidates in the oncology area.

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Sun’s Alopecia Treatment Debuts In US - Can It Make Up For Lost Time?

 
• By Anju Ghangurde

Sun’s Leqselvi goes up against Lilly's Olumiant and Pfizer's Litfulo, which currently has the broadest label, in the US alopecia market. Can it shake things up early, amid growing activity in the space with several new mechanisms of action being investigated?