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Astellas links up with KISED to support Korean biotech start-ups
Biotechnology
Japanese drug major Astellas Pharma has signed a memorandum of understanding with the Korea Institute of Startup and Entrepreneurship Development (KISED) to offer its open innovation resources to help South Korean biotech companies branch out overseas.   18 July 2025


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Last week, PureTech Health spun out a new company, Celea Therapeutics, which will develop its pulmonary fibrosis candidate deupirfenidone (LYT-100). The US Food and Drug Administration (FDA) granted approval for Insmed’s Brinsupri (brensocatib) for the treatment of a chronic inflammatory lung condition. Last week also saw US biotech Sarepta Therapeutics selling 9.3 million shares in Arrowhead, raising around $174 million, and transferring around $50 million to Arrowhead. Basilea in-licensed rights to Venatorx’ urinary tract infection candidate ceftibuten-ledaborbactam etzadroxil.   17 August 2025

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