Hanwha Impact invests in U.S.-based Tessera Therapeutics Company's first investment in biotech firm that develops new drugs
Translated by Kim So-in 공개 2022-04-01 10:29:50
이 기사는 2022년 04월 01일 08:06 thebell 에 표출된 기사입니다.
Hanwha Impact, formerly known as Hanwha General Chemical, made its first investment in a biotech company that develops new drugs.The company recently invested in U.S.-based early-stage life sciences company Tessera Therapeutics. The investment is said to be small although financial details have not been disclosed.
Hanwha Impact Global, a subsidiary of Hanwha Impact, executed the investment through Hanwha Impact Partners, using capital commitment made by Hanwha Impact. Hanwha Impact has been very active in investments this year, spending a total of 370 billion won ($305 million) so far.
Tessera Therapeutics is an early-stage life sciences company pioneering Gene Writing, a new biotechnology designed to offer scientists and clinicians the ability to write small and large therapeutic messages into the genome, thereby curing diseases at their source.
Tessera Therapeutics was founded by Flagship Pioneering, a life sciences innovation enterprise that conceives, resources, and develops first-in-category companies to transform human health and sustainability.
The latest investment marks Hanwha Impact and Hanwha Group’s first investment in a biotech company that develops new drugs. Hanwha Impact hinted at a possibility of investing in biotech firms in May 2021 by adding pharmaceuticals, life science and biotechnology to the business purposes listed in the company’s articles of incorporation. After changing its name from Hanwha General Chemical in September 2021, Hanwha Impact made it clear that it will focus more on investment instead of the petrochemical business.
Hanwha Impact invested in Inari Agriculture, which utilizes next-generation gene editing technologies to create resource-efficient corns and soybeans. It also participated in a Series B funding for Catalog Technologies, a DNA-based data storage solution provider.
Hanwha Group hasn’t invested in the new drug development business since its efforts to develop new drugs failed in the 1990s. Market insiders are paying attention to whether the company will gradually restart the business under the control of Kim Dong-kwan, president and chief executive officer of Hanwha Solutions.
The latest investment was led by Hanwha Impact’s investment strategy division. The company hired new managers to handle bio-related investments earlier this year. (Reporting by Eun-jin Choi)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- [아시아나 화물사업부 M&A]MBK 손잡은 에어프레미아, 다크호스 등극
- [대기업 프로스포츠 전술전략]전북현대, '돈방석' 기회 끝내 놓쳤다
- 골프존, 주가 하락에 발목잡혔나…GDR 분할 '무산'
- [Art Price Index]시장가치 못 찾은 퍼포먼스 작품
- 하이브 '집안싸움'이 가리키는 것
- 이익률 업계 톱인데 저평가 여전…소통 강화하는 OCI
- KB금융, 리딩금융의 품격 ‘주주환원’ 새 패러다임 제시
- 대외 첫 메시지 낸 최창원 의장의 속내는
- KG모빌리티, 라인 하나로 전기차까지
- [이사회 분석]갈 길 바쁜 LS이브이코리아, 사외이사 없이 간다