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Could SillaJen Get Back On Track Via M2N's Acquisition?

GreenFire Synergies Remain To Be Seen

 
• By Jung Won Shin

SillaJen selects another Korean firm as its new owner as trading in its stock continues to be suspended following the probe into its former CEO. But it remains to be seen whether the acquisition can catalyze a business breakthrough and speed up clinical development for the oncolytic immunotherapeutic firm.

acquisition
Deal To Maximize Corporate Value, Represent Shareholders • Source: Alamy

After a series of setbacks, including alleged illegal activities by its former CEO and the failure in a global Phase III trial of its lead asset, South Korean oncolytic immunotherapy firm SillaJen, Inc. has selected a new owner to try and get its business back on track.

Another South Korean firm, Micro2Nano Technologies (M2N), which has as an affiliate US-based novel therapeutics developer GreenFire Bio LLC, was...

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