JRP Bio selected for TIPS
Selection for the private investment-led tech startup program accelerates botanical drug development
JRP Bio (Jaein R&P Co., Ltd.) announced that it has been selected for TIPS, the Ministry of SMEs and Startups' private investment-led tech startup support program.
JRP Bio standardizes Korean medicine formulas and natural products, builds preclinical, clinical and real-world evidence, and secures approval to turn them into products. The company raised Pre-A funding in 2021 (KRW 2.4 billion cumulative) and, after moving into Seoul Bio Hub, was selected for the Seoul Hongneung Innopolis H-Train and Bridge programs.
In the same year the company was also selected as an International Science Business Belt support company (July) and received the Minister of SMEs and Startups Award (September).
About JRP Bio
JRP Bio (Jaein R&P Co., Ltd.) standardizes Korean medicine formulas and natural products, builds the evidence behind them, and secures approval to turn them into products people actually use. JRP stands for “Journey from Research to People.” The company received Korea's first IND for an oral botanical anticancer candidate, SH003, and holds 14 granted Korean patents and 42 SCI(E) publications.
Media contact
- Email bs@jrpbio.com
- Phone +82-2-6925-5568