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Choong-wae Holdings buys 18.5% stake in Three Seven Inc

Published: 2008-06-04 06:51:00
Updated: 2008-06-04 06:51:00
Choong-Wae Holdings announced on May 30 that it acquired an 18.5 percent stake in Three Seven Inc., which owns Creagene, a local bio-venture company.

“We decided to buy the stake to solidify our current partnership with Creagene,” Choong-wae spokesman said. Choongwae needs 18.1 billion won to buy the stake.

The first dendritic cells-based vaccine developed by Creagene is kidney cancer vac...

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