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HLB Takes First Expansion Step Via Immunomic Acquisition

 
• By Jung Won Shin

South Korea’s HLB has begun a new growth phase by taking over US-based clinical stage biotech firm Immunomic Therapeutics. Through the acquisition, it is poised to add new pipeline assets including a Phase II vaccine therapy for glioblastoma and proprietary lysosomal targeting technology.

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Acquisition Helps Overcome HLB's Limits In New Drug Development • Source: Shutterstock

South Korea's HLB Co. Ltd., which recently completed a global Phase III study for rivoceranib in late-stage gastric cancer in the US through its subsidiary Elevar Therapeutics, has started a new expansion phase, the first step in which is the acquisition of US-based Immunomic Therapeutics Inc.

“If we spent the last 10 years developing a single new drug [rivoceranib], we expect to take various actions and achieve results that will accelerate our growth as a global...

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Korea Q1 Roundup: Mixed Earnings, Gearing For Possible US Tariffs

 
• By Jung Won Shin

South Korean biopharma companies report a mostly solid first quarter, marked by US growth for original drugs, with several also making preparations for possible US pharma tariffs.

Tech Convergence, Quality Data Needed To Accelerate Korea’s AI-Powered R&D

 
• By Jung Won Shin

AI-powered drug development was a major topic at the recent Bio Korea meeting, where experts discussed how the technology is changing R&D activities and the challenges being faced by Korean firms as they look to catch up with their global competitors.

Celltrion Sees Multiple Biosimilar Opportunities From Trump’s Pricing EO

 
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Sustainability Key To ABL Bio’s Journey From ‘Good To Great’

 
• By Jung Won Shin

Helped by a recent major platform deal with GSK, South Korea's ABL Bio is aiming to build its R&D portfolio with an eye on being acquired in the future. CEO Sang Hoon Lee sat down with Scrip to explain the venture's journey so far and its ambitious roadmap.

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