Kanaph CEO On Surviving The Biotech Funding 'Barley Hump'

Pursuing Platform, Pipeline, Modality Diversity

The CEO of Korean bioventure Kanaph Therapeutics, Byoung Chul Lee, talks to Scrip about the difficulties such companies are going through amid generally weak investor sentiment, as well as the company's own financing and R&D plans.

difficult financing
Korean Bioventures Have Less Capacity To Endure Financial Hardship • Source: Shutterstock

“We feel that the biotech industry is going through the toughest time now. Everyone knows this, we are having so much difficulty...many investors seem to have stopped investment in the sector,” say Byoung Chul Lee, CEO of the South Korean bioventure Kanaph Therapeutics Inc.

As the pandemic comes to an end, some vigor has returned to major biopharma events like the Bio Korea International Convention, held in Seoul in May, which had thousands of visitors

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