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Korea 2019 Review: Industry Spooked By Invossa Affair, Disappointing Trials But Hopes Intact

 
• By Jung Won Shin

The South Korean pharma/biotech industry suffered a series of negative blows in 2019 but there were still notable achievements including major drug approvals and large-scale licensing deals.

Scrip Perspectives 2019 to 2020
Despite Challenges, Some Major Achievements In Korea In 2019

2019 was a challenging year for the South Korean pharma and biotech sector. On balance, negative and disappointing news outnumbered positive developments, amid issues regarding the country’s first approved gene therapy Invossa, more returns of rights to Korean assets by global firms and clinical trial results that failed to meet expectations.

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• By Jung Won Shin

The CEO of a South Korean state-run drug R&D support fund urges the renewal of the initiative as it increasingly focuses on new modalities and novel targets.

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More from Focus On Asia

Asia Deal Watch: Daiichi Taps Into Wayfinder’s RNA-Encoding Platform

 
• By Jung Won Shin, Lisa Takagi, Joseph Haas, Anju Ghangurde, and Vibha Ravi

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• By Lisa Takagi

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• By Dexter Jie Yan

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