$420 million vote of confidence in LegoChem's ADC platform

16 January 2024

Food and healthcare company Orion Group has made a bold step to expand its biotech interests, buying around a quarter of LegoChem Biosciences (Kosdaq: 141080) for $420 million.

The move will make Orion the largest holder of shares in LegoChem, a Kosdaq-listed biotech headquartered in the central South Korean city of Daejeon.

Led by a Hong Kong-based subsidiary, Pan Orion, the move will make LegoChem an affiliate which retains its existing management and operational structure.

Fast growing therapy area

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