[Digital Times] Born in the lab, Qurient to go public on KOSDAQ and accelerate drug discovery
2016-02-26
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The lab-born, bio-venture Qurient Co. Ltd. will go public on KOSDAQ. According to MSIP, Qurient started as a subsidiary of Institut Pasteur Korea (IPK) to transition validated targets to drug candidates. Qurient has Q203, a drug-resistant tuberculosis candidate licensed from IPK, that has been approved for clinical trial phase 1 by the FDA. Also Q301, a drug candidate for atopic dermatitis that is in clinical trial phase 2 by the FDA and Q701, a drug candidate for anticancer immunity/resistant cancer that is currently on non-clinical trial. The business model is seen as a model of success for the open innovation and project management system.
Source: Digital Times (24 February, 2016)