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Korea Biotech Roundup: Orum, DongKook Price IPOs Below Band

ADC Projects Advance At Multiple Firms

 
• By Jung Won Shin

The latest activity in the South Korean biotech sector includes IPOs by Orum and Dongkook Life, as well as progress with ADCs at multiple firms.

biotechnology
Orum, DongKook Shares Rising After Weak IPOs (Shutterstock)

Sentiment around initial public offerings (IPOs) appears to be slowly recovering in South Korea as the market stabilizes somewhat amid ongoing political uncertainties at home and abroad. A couple of biopharma firms managed to launch such offerings in January.

There was also continued activity in the antibody-drug conjugate (ADC) and obesity areas, but there have been no major out-licensing or other

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