GI Innovation Co., Ltd. (CEO Myung-Ho Jang and Su-Youn Nam), GI Cell Co., Ltd. (CEO Cheon-Pyo Hong), GI Biome Co., Ltd. (CEO Bo-Gi Yang), and Yonsei University Medical School Severance Hospital (Hospital director Jong-Won Ha) signed a joint research and academic cooperation MOU for Innovative New Drug Development.  

The signing ceremony was held at Severance Hospital on the 5th, Young-Jun Koh, head of GI Innovation Discovery Division, Cheon-Pyo Hong, CEO of GI Cell, Bo-Gi Yang, CEO of GI Biome, Jong-won Ha, Head of Severance Hospital, Bo Young Jung, and Eun-Jik Lee, professor of Yonsei University Medical School.

This MOU is designed to result in the innovative success of new drug development based on the organic connection of basic-intermediation-clinical trial research.

Through this, GI group will lead a study with Severance Hospital to develop protein new drugs and antibody drugs by GI Innovation, innovative immune cell therapy by GI Cell and synbiotics treatment by GI Biome through research unit research task of research-oriented hospital fostering R&D project organized by the Ministry of Health and Welfare. Besides, both organizations will push for the establishment of a joint research center for diagnostic tech, treatment development and hold academic conferences and seminars jointly. 

"GI wants to challenge the industry's first triple combined therapy by utilizing the three companies' core pipelines," said Myung-Ho Jang, CEO of GI. To treat incurable diseases such as terminal solid tumor, non-alcoholic fatty hepatitis, and Crohn's disease, the combination of antibody drugs, cell therapy, and microbiome will be a groundbreaking treatment. "We expect various clinical experience and research infrastructures to contribute exceedingly to the success of innovative drugs."

Jong-Won Ha, head of Severance Hospital, said, "We expect that this agreement will allow us to expand cooperative research and development with GI Group such as GI Innovation and GI Cell, which directly participate in research projects for research-oriented hospitals, furthermore, development of innovative new drugs with global competitiveness and the unmet medical needs will be visible.”