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Aslan and Bukwang Form JV to Develop Aslan's IO Assets

publication date: Sep 30, 2019

Singapore's Aslan Pharma formed a JV with Bukwang Pharma (KRX: 003000) of Korea to develop preclinical aryl hydrocarbon receptor (AhR) antagonists from Aslan’s early stage pipeline. The JV, Jaguahr Therapeutics, will focus on new immuno-oncology therapeutics for global markets that target the AhR pathway. Aslan will transfer global rights to all of its AhR assets into Jaguahr. Bukwang will invest $5 million in Jaguahr to fund development of the assets, identify a lead compound and file an IND application. The JV will be based in Singapore. More details....

Stock Symbol: (NSDQ: ASLN, TPEx: 6497)

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