Disappointing news appeared to overflow in the South Korean biotech sector in the second quarter amid multiple returned assets from global partners, a lack of major new out-licensing deals, as well as discouraging developments in some late-phase clinical trials.
Q2 Korean Biotech Roundup: Partners Return Multiple Assets
U-Turns For OliX, Artiva, Voronoi
The second quarter in South Korea was marked by the return of several assets by licensing partners, including Thea Open Innovation, which gave back rights to two ophthalmic programs in-licensed from OliX. Merck & Co. also cancelled a co-research deal with Artiva Biotherapeutics.
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