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With China CNS Plans, SK Biopharm Completes Strategy For Key Markets

Raises $180M, Largest Series A In China Pharma Industry In 2021

 
• By Jung Won Shin

SK Biopharmaceuticals advances into the Greater China market via a CNS focused Chinese company with China’s 6 Dimensions Capital, backed by a large series A financing. It has also licensed its CNS therapy pipeline to the new Chinese operation.

SK Biopharm Sets Up New Pharma In China
SK Biopharm Licenses Out 6 CNS Pipelines To Newly Established Ignis • Source: SK Biopharmaceuticals

SK Biopharmaceuticals Co., Ltd has unveiled plans to enter the Chinese market, the last of the four major global markets, including the US, Europe and Japan, it is targeting to advance into. The company has now set up a central nervous system focused Chinese company, Ignis Therapeutics, with the Shanghai-based global investment firm 6 Dimensions Capital.

“The launch of Ignis Therapeutics in China reaffirms our commitment to addressing unmet needs in CNS disorders, and bringing care and novel therapies to patients anywhere in the world

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