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THE INVESTOR
June 21, 2018
Big Reunion

Stocks & Bonds

[EQUITIES] ‘Genexine gains from big export deal’

  • PUBLISHED :December 26, 2017 - 13:58
  • UPDATED :December 26, 2017 - 13:58
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[THE INVESTOR]


It is currently conducting pre- and first-phase clinical trials of its GX-17, an immune-oncology multi-target antibody-based candidate for infectious diseases and cancers, and proved its competitiveness in R&D by exporting the technology in the early stage of development, said analyst Hong Ga-hye. 

The pharmaceutical company announced on Dec. 22 that it has signed a US$560 million licensing agreement with China’s I-Mab Biopharma, including a US$120 million upfront payment and US$548 million for milestones payments.

It also has treatments for growth hormone deficiency and cervical cancer in its pipeline, added the analyst maintaining a “buy” recommendation. 

By Hwang You-mee (glamazon@heraldcorp.com)

Genexine has secured a long-term growth momentum as it bags a large deal to export its technology for immune treatment candidate, said Daishin Securities on Dec. 26, raising the target price to 89,000 won (US$82.65) from 59,000 won.

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