New Paradigm Investment's Pre-A Investment in 'Gukmin Bio'
Kookmin Bio Establishes Foundation for Microbiome Regulation Innovative Materials and New Drug Development through Investment Attraction
[Asia Economy Reporter Kim Jong-hwa] New Paradigm Investment, the operator of TIPS, announced on the 19th that it has made a Pre-A investment in Kukmin Bio Co., Ltd., a microbiome research and development (R&D) specialized company.
Kukmin Bio, which received investment from New Paradigm Investment, was established in 2019 and is a startup in the next-generation new growth engine biohealth microbiome industry. Microbiome is a compound word of microbiota and genome.
Kukmin Bio is an innovative biohealth R&D company that researches, develops, and produces microbiome bio food and pharmaceutical materials. It is a subsidiary of Kukmin University Technology Holdings Co., Ltd., which commercialized the original research achievements of the BK21 Plus Bio Food and Pharmaceutical Materials Project Group at Kukmin University. The company has launched functional health foods such as 'Kukmin Yak Kong Soy Milk' and 'Jeju Namul Kong Soy Milk.'
Currently, it is accelerating the development of preventive medicine microbiome regulatory materials and new drug candidates that resolve the imbalance of intestinal microbial flora. In particular, it is attracting attention for developing new drugs using differentiated microbiome 'postbiotics' materials targeting human-derived probiotics. Postbiotics is a technology that utilizes safe fermented food microorganisms, that is, metabolites produced by probiotics or inactivated safe fermented food microorganisms, and is an innovative technology expected to be developed as a preventive and therapeutic agent for gut-related diseases in the future.
Park Je-hyun, CEO of New Paradigm Investment, said, "The new material microbiome industry is expected to expand from dairy-centered food and beverages and health functional foods to healthcare and cosmetics fields, driving the entire market," adding, "We decided to invest after seeing the high potential of Kukmin Bio's postbiotics new drug material technology."
Hot Picks Today
"Two Spend 500,000 Won in a Flash, Yet Wait Two Hours?" ... 'Dreamland' Shunned by Kids and Foreign Tourists
- The Era of Getting 200 Million Won After 30 Years Is Over... A Japanese Bank's "Perpetual Department Head" Who Just Clocked In Cries Out
- Spain Hit by Its Worst Tragedy... Lee Kangin, Moreno and Real Madrid Join Soccer World in Mourning
- They Said, “Make It Your Home for Life” - Then Suddenly Kicked 200 Passengers Off... What Happened to the Around-the-World Cruise?
- "130 Rice Bowls Sold Out in a Day"... 'Unfiltered Face' Adds 8 Million Won to Night Market Sales: China's Bungeunwoo
Seong Moon-hee, CEO of Kukmin Bio (Dean of the College of Science and Technology at Kukmin University), said, "We have already secured core technology, established a research pipeline, and completed a technology development roadmap, along with GMP production and clinical partnerships," adding, "With this investment, we plan to focus on mass production of postbiotics materials and advancement of formulation development technology."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.