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Yuhan acquires new drugs from biotech venture firms

By Chon, Seung-Hyun

24.07.31 12:07:16

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Q2 R&D cost 40%¡è YoY¡¦reaching the highest amount in the past 5 years

Invested KRW 8 billion in two biotech ventures¡¦paid technology fees for acquiring promising new drugs

In search of new opportunities through outward investment

Yuhan significantly increased its research and development (R&D) investment. Over the past five years since acquiring new drug technology from biotech venture companies, Yuhan's R&D investment size has reached its peak. This expansion of outward investment seems to be the company's outlook for securing a new portfolio.

According to Yuhan on July 31st, the company's R&D cost in Q2 amounted to KRW 53.5 billion, up 39.8% from KRW 38.2 billion year over year (YoY). It increased 17.0% from the previous quarterly investment amount of KRW 45.7 billion.

Yuhan's quarterly R&D investment amount exceeded KRW 50 billion in four years since Q4 2020. In 2020, its R&D investment spending significantly incr

Chon, Seung-Hyun(1000@dailypharm.com)
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