Latest news with #BioUSA2025
![[Bio USA] GI Innovation unveils next-gen immunotherapy pipeline](/_next/image?url=https%3A%2F%2Fwimg.heraldcorp.com%2Fnews%2Fcms%2F2025%2F06%2F18%2Fnews-p.v1.20250618.d08a9f94aea74f3da95329681a945806_T1.jpg&w=3840&q=100)
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Korea Herald
13 hours ago
- Business
- Korea Herald
[Bio USA] GI Innovation unveils next-gen immunotherapy pipeline
BOSTON -- Korean biotech company GI Innovation showcased its next-generation growth strategy at Bio USA 2025 in Boston on Tuesday. Leading the presentation was Yun Nari, head of GI Innovation's clinical strategy, who introduced the company's new drug development pipeline and global business roadmap. A licensed pharmacist, Yun joined the company's board of directors in March and is expected to play a pivotal role in accelerating clinical decision-making, an essential function in GI Innovation's core business of clinical-stage drug development. A key highlight was the unveiling of GI-128, a novel immuno-oncology candidate that leverages macrophage engagement, an emerging target in next-generation cancer therapies. The company also spotlighted its trispecific antibody pipeline, designed to surpass the current generation of aPD-(L)1/VEGF bispecific antibodies, which are gaining significant traction in the global oncology space. 'This year's Bio USA is a premier platform that brings together leading global investors and pharmaceutical companies,' said Jang Myoung-ho, CEO and founder of GI Innovation. 'It presented the perfect opportunity to demonstrate the competitiveness of our pipeline and global expansion strategy. We plan to actively explore a variety of partnership opportunities, including technology licensing, co-development deals and strategic investments.' Meanwhile, the growing interest in aPD-(L)1/VEGF bispecific antibodies in the immuno-oncology sector has led to a surge in high-value deals. Bristol Myers Squibb recently entered into a licensing agreement with German biotech firm BioNTech, paying an upfront sum of approximately $1.5 billion, with the total deal valued at around $11.1 billion. Likewise, Merck & Co. signed a deal last year with China-based LaNova Medicines, worth $588 million upfront and up to $2.7 billion in milestone payments. Building on this trend, GI Innovation's trispecific antibody platform integrates the company's proprietary aPD-L1 antibody, a VEGF antibody and a macrophage engager into a single molecule. The design aims to overcome the therapeutic limitations of bispecific antibodies by stimulating a more robust immune response within the tumor microenvironment, the company explained.
![[Bio USA] SK Biopharmaceuticals teams up with PhnyX Lab to boost AI-based drug development](/_next/image?url=https%3A%2F%2Fwimg.heraldcorp.com%2Fnews%2Fcms%2F2025%2F06%2F18%2Fnews-p.v1.20250618.7cc012dccaa842089c2e1b76d1e0c1b6_T1.jpg&w=3840&q=100)
Korea Herald
15 hours ago
- Business
- Korea Herald
[Bio USA] SK Biopharmaceuticals teams up with PhnyX Lab to boost AI-based drug development
BOSTON -- SK Biopharmaceuticals announced Tuesday that it had signed a mutual strategic business agreement with AI startup PhnyX Lab during the Bio USA 2025 convention held in Boston, aiming to establish an AI-powered drug development framework. Through the agreement, the two companies will co-develop a customized solution that automates key processes in drug development such as literature searches, data analysis and document generation, using PhnyX Lab's proprietary generative AI platform Cheiron. The collaboration will especially focus on automating regulatory documentation required for clinical trial initiation, expediting what SK Biopharmaceuticals calls a "full-scale AI transformation" of its drug development workflow. The company expects this shift to significantly enhance R&D productivity while dramatically reducing the time and cost associated with drug development and approval. "Pharmaceutical and biotech industries face significant challenges in digital transformation due to their complex workflows and heavy regulation," said Bae Min-seok, CEO of PhnyX Lab. 'The partnership demonstrates that generative AI solutions can be effectively applied in real-world settings to improve both efficiency and accuracy in pharmaceutical operations.' As Cheiron is an end-to-end AI solution tailored for the pharmaceutical and biotech sector, the system also connects with official databases from regulatory bodies such as the US FDA and Korea's Ministry of Food and Drug Safety, as well as the Medical Subject Headings (MeSH) classification system, to deliver high accuracy and practical utility. 'AI is no longer a choice, but a core capability in drug development,' said Lee Dong-hoon, CEO of SK Biopharmaceuticals. 'By partnering with PhnyX Lab, we plan to further embed AI into every stage of our drug development process and strengthen our competitiveness in the global market.' SK Biopharmaceuticals has already been utilizing its in-house AI platform Huble in the early stages of drug development, particularly in analyzing disease-causing genes and proteins and identifying drug candidates. Through the new collaboration, the company plans to expand the application of AI across its operations to maximize productivity.
