Yuhan's investment in US subsidiary total KRW 27B over 5 yrs
By Chon, Seung-Hyun | translator Kang, Shin-Kook
24.09.04 05:47:09
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Invested KRW 3.9 billion in Yuhan USA in the first half¡¦Yuhan USA identifies promising biotech ventures
Invests in an overseas biotech fund managed by 5AM Ventures¡¦seeking new R&D opportunities
Yuhan Corporation has invested KRW 3.9 billion additionally to the U.S.-based subsidiary of the company. The company invested KRW 27 billion over the past five years, expanding support for global entry.
According to Financial Supervisory Service on September 4th, Yuhan Corporation invested KRW 3.9 billion in the first half of the year and acquired an additional 3 million shares.
¡ãYuhan Corporation Headquarter Office building
Established in 2018, Yuhan USA is a U.S.-based regional subsidiary of Yuhan Corporation and and is responsible for investing in potential biotech ventures, conducting global clinical trials, and delivering technology transfers. It is Yuhan Corporation's wholly-owned subsidiary and will serve as a bridgehead for g
Chon, Seung-Hyun(1000@dailypharm.com)
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