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Korean Bioventure Financing Continues Downward Spiral In Q3

Handful Of IPOs Amid Chilly Sentiment

 
• By Jung Won Shin

VC Investment in South Korea’s biopharma sector drops again as investors continue to shy away amid higher interest rates and reduced out-licensing deals.

downward spiral
Higher Interest Rates, Smaller Out-Licensing Deals Deteriorate Sentiment • Source: Shutterstock

South Korean bioventure funding remained weak in the third quarter, with venture capital investment in the sector falling further from the previous three months, although a handful of companies managed to launch initial public offerings (IPOs) despite the sour market sentiment.

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