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SillaJen Soars As Korea Exchange Decides To Retain Listing

First Trading In More Than Two Years

 
• By Jung Won Shin

The long-standing SillaJen saga in Korea appears close to ending following a decision that the company can maintain its stock market listing. Shares in the oncolytic virus firm surged by their daily limit on the resumption of trading, on hopes it will be able to get back on track.

revival
SillaJen Pledges Responsible Management, Diversifies Portfolio • Source: Shutterstock

After teetering on the brink of delisting, the fortunes of SillaJen, Inc. appear to be reviving after the Korea Exchange decided the South Korean bioventure could continue to trade on the Kosdaq market, following the submission of a business improvement plan which included the addition of new drug pipeline assets.

Its shares, which resumed trading on 13 October, surged by the daily 30% limit to close at KRW10,850 ($7.60).

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