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Roivant Reports Financial Results for the Third Quarter Ended December 31, 2023, and Provides Business Update

SK Biopharm to Expand R&D Capabilities with Acquisition of ProteoVant Sciences

SK Biopharm to Expand R&D Capabilities with Acquisition of ProteoVant Sciences
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SK Biopharmaceuticals acquires 60 percent stake in Proteovant Therapeutics at W62b

SK Group’s pharmaceutical arm, SK Biopharmaceuticals, said Friday that it has decided to acquire a 60 percent stake, or 40 million shares, in US biotech company Proteovant Therapeutics for 62 billion won ($47 million). This deal size is equivalent to 19.6 percent of the Korean company’s total equity capital. Established in New York in 2021, Proteovant Sciences is a 60:40 joint venture between Swiss biotec.

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