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South Korea's HK inno.N Targets Cell Therapy, Vaccine Expansion Following $500m IPO

Record High Subscriptions From Institutional Investors

 
• By Jung Won Shin

South Korean pharma HK inno.N’s $500m IPO has drawn strong interest with subscriptions from institutional investors marking a record high. The IPO should help it speed up development of cell and gene therapies and beef up its vaccines business.  

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HK inno.N Joins Club Of Major Korean Biopharma IPOs • Source: Alamy

HK inno.N has raised more than $500m in an initial public offering on the Kosdaq market, joining the club of major biopharma IPOs in South Korea. The company was formerly known as CJ Healthcare and is well known for its cash-cow anti-hangover drink Condition. However, the financing is aimed at building the mid-sized firm's biopharma business, including in cell therapies and vaccines.

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US Tariff Impact On Korea Dissected As Country Gears For Presidential Election

 
• By Jung Won Shin

Analysts expect a limited impact on South Korean pharma from US tariffs, even if imposed at a later date. Meanwhile, the early June domestic presidential election is set to determine the direction of policies in the sector.

Compass’ Bispecific BTC Contender Meets Phase II/III Endpoint

 
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LigaChem Eyes Future Acquisition Of IKSUDA Following 26.6% Stake

 
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Korea Needs To Think Bigger On M&As: KHIDI

 
• By Jung Won Shin and Kosh Naran

A new report from a domestic institute on South Korea’s biopharma M&A trends shows a pickup in activity, but that this remains relatively weak and small-scale. It calls for broader domestic government support to build expertise, drive innovation and globalization.

More from Focus On Asia

US Tariff Impact On Korea Dissected As Country Gears For Presidential Election

 
• By Jung Won Shin

Analysts expect a limited impact on South Korean pharma from US tariffs, even if imposed at a later date. Meanwhile, the early June domestic presidential election is set to determine the direction of policies in the sector.

What Is Fuelling Cell And Gene Therapies In India?

 
• By Vibha Ravi

Bharat Biotech is the latest entrant in India’s cell and gene therapy space, joining majors like Intas Pharma, Sun Pharma, Cipla and Dr. Reddy’s. An indigenously developed CAR-T cell therapy launched last year, what is driving growing interest and success in cell and gene therapies?

Compass’ Bispecific BTC Contender Meets Phase II/III Endpoint

 
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