BlackRock takes 5% stake in S Korean biotech firm during FDA review

BlackRock takes 5% stake in S Korean biotech firm during FDA review

Tech in Asia·2026-03-05 13:00

BlackRock has acquired a 5.01% stake in HLB, a South Korean biotech firm developing a liver cancer drug candidate, Rivoceranib.

HLB’s regulatory filing said BlackRock Fund Advisors bought 6,664,921 shares on the open market as of Feb. 24 for a simple investment purpose.

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