Amid continued weakness in general investor sentiment around initial public offerings (IPOs) and venture capital (VC) financings in the sector, South Korean biopharma companies increasingly opted for rights offerings or other ways to obtain new funding in the second quarter in order to progress their R&D pipelines.
Korean Biopharma Financings Remain In Doldrums But Recovery In Sight?
US Lazertinib Decision A Catalyst
As investor sentiment around Korean biopharma IPOs and financings remained tepid in the second quarter, companies turned to other ways of raising money, including rights offerings. But there are signs of recovery and upcoming catalysts, while on the M&A front Boryung divested a vaccine subsidiary to a private equity consortium.
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