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Home » Authors » Marian (YoonJee) Chu

Articles by Marian (YoonJee) Chu

Jaeyong Ahn, CEO and president, SK Bioscience

SK Bioscience to acquire Klocke’s CDMO in cross-holding M&A

June 27, 2024
By Marian (YoonJee) Chu
South Korea’s SK Bioscience Co. Ltd. has entered a cross-shareholding acquisition deal with Germany’s Klocke Pharma-Service GmbH to acquire its contract development and manufacturing organization (CDMO), IDT Biologika Corp.
Read More
Two arrows in opposite directions

GC Cell's shares drop as MSD terminates $1.8B deal with Artiva

June 27, 2024
By Marian (YoonJee) Chu
Merck Sharp & Dohme Corp. (MSD), known as Merck & Co. Inc. in the U.S. and Canada, terminated its potential $1.86 billion deal with San Diego-based Artiva Biotherapeutics Inc. for novel chimeric antigen receptor-natural killer cell therapies. GC Cell disclosed news of the terminated deal on the Korea Exchange near market close of June 25, saying it was notified by Artiva after the decision was reached by MSD’s internal decision makers.
Read More

Théa ends deal with Olix, returns rights of ocular drugs

June 25, 2024
By Marian (YoonJee) Chu
France’s Théa Open Innovation, a subsidiary of Laboratoires Théa SAS, terminated its licensing agreement with South Korea’s Olix Pharmaceuticals Inc., and returned global rights of Olix’s ocular small interfering RNA (siRNA) biologic agents, OLX-301D and OLX-301A.
Read More
Deal handshake with coin, chart background

Aprilbio, Evommune strike $475M deal for autoinflammatory drug

June 25, 2024
By Marian (YoonJee) Chu
Aprilbio Co. Ltd. saw its stock surge 30% June 20 after announcing a potential $475 million (₩655.88 billion) deal with Evommune Inc. for autoimmune disease drug candidate APB-R3.
Read More
IPO puzzle pieces

China’s Ascentage drafts confidential IPO for dual listing in US

June 25, 2024
By Marian (YoonJee) Chu
Suzhou, China-headquartered Ascentage Pharma Group Corp. Ltd. has filed plans for a confidential IPO to the U.S. SEC for a potential dual listing on both the U.S. and Hong Kong stock exchanges. News of the U.S. IPO came just a few days after Ascentage drew a $75 million equity investment from Osaka, Japan-headquartered Takeda Pharmaceutical Co. Ltd. with the issuance of about 24.3 million shares at a purchase price of HK$24.09 (US$3.08) per share.
Read More

Théa ends deal with Olix, returns rights of ocular drugs

June 24, 2024
By Marian (YoonJee) Chu
France’s Théa Open Innovation, a subsidiary of Laboratoires Théa SAS, terminated its licensing agreement with South Korea’s Olix Pharmaceuticals Inc., and returned global rights of Olix’s ocular small interfering RNA (siRNA) biologic agents, OLX-301D and OLX-301A.
Read More
Deal handshake with coin, chart background

Aprilbio, Evommune strike $475M deal for autoinflammatory drug

June 21, 2024
By Marian (YoonJee) Chu
Aprilbio Co. Ltd. saw its stock surge 30% June 20 after announcing a potential $475 million (₩655.88 billion) deal with Evommune Inc. for autoimmune disease drug candidate APB-R3.
Read More
Martin Tolar, CEO, Alzheon

Alzheon nabs $100M in series E to advance oral Alzheimer’s drug

June 20, 2024
By Marian (YoonJee) Chu
Alzheon Inc. has raised $100 million in a series E financing round to push its oral drug candidate for early Alzheimer’s disease (AD), ALZ-801 (valiltramiprosate), through a late-stage, Apolloe4 study.
Read More
Inosys 3d-print spine implant

Inosys Korea gains FDA nod for 3D-printed cervical spine cage

June 19, 2024
By Marian (YoonJee) Chu
Inosys Korea Co. Ltd. gained U.S. FDA 510(k) clearance for Unispace, a cervical spine cage manufactured with 3D printing technology. Unispace can be used during spinal fusion surgery, Busan-based Inosys said, wherein operators can remove a patient’s diseased or damaged disc and replace it with the cervical cage to maintain the original length of the spine.
Read More
Xtalpi lab

China’s AI-powered Quantumpharm raises $126M in Hong Kong IPO

June 18, 2024
By Marian (YoonJee) Chu
Chinese artificial intelligence (AI)-driven drug discovery firm Quantumpharm Inc., also known as Xtalpi, began trading on the Hong Kong stock exchange June 13, listing under a new special technology listing track that lured it away from an IPO in the U.S.
Read More
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