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Plans to secure management rights and incorporate PanGen as a subsidiary.
November 7, 2024
By: Charlie Sternberg
Associate Editor
Huons Co. Ltd. has announced a strategic investment of KRW 14.3 billion ($10.4 million) in PanGen Biotech Inc. to strengthen its biopharmaceutical R&D and CDMO capabilities. The investment will see Huons acquire 2,647,378 shares of PanGen, giving it a 31.53% stake in the company. Following the acquisition, Huons plans to secure management rights and incorporate PanGen as a subsidiary. PanGen brings to the table GMP facilities for biopharmaceutical production, as well as a proprietary...
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