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Support development of COVID-19 GX-19N vaccine: BPOM

Support development of COVID-19 GX-19N vaccine: BPOM
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General Atlantic to invest $55 million in Indonesia's Kalbe Farma biotech JV | WSAU News/Talk 550 AM · 99.9 FM


General Atlantic to invest $55 million in Indonesia’s Kalbe Farma biotech JV
By Syndicated Content
Jan 26, 2021 11:10 PM
SINGAPORE (Reuters) - Global private equity firm General Atlantic will invest $55 million in Kalbe Genexine Biologics (KGBio), a joint venture of Indonesian pharmaceuticals firm PT Kalbe Farma and South Korean biotech firm Genexine Inc.
The investment will go towards KGBio s ongoing clinical development and help boost its production capacity, among others, the companies said in a joint statement on Wednesday.
As a global player in life sciences, General Atlantic brings an extensive network and deep expertise in innovation that KGBio aims to leverage, said Sie Djohan, director of Kalbe Farma and chief exectuive officer of KGBio. ....

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