Daewoong Pharmaceutical, South Korea’s fourth-largest pharmaceutical company by revenue, has acquired the ERA (Epigenetic Reprogramming Algorithm) platform from Turn Biotechnologies. The deal expands Daewoong’s footprint in regenerative medicine and aging-related disease research.

Acquirer Daewoong Pharmaceutical (KR)
Target Turn Biotechnologies (US)
Deal value Undisclosed
Type Acquisition
Date closed 2026-05-26

Deal Mechanics

The acquisition of Turn Biotechnologies’ ERA platform will bolster Daewoong’s pipeline of therapeutic solutions targeting aging-related diseases. The financial terms were not disclosed.

Strategic Rationale

Daewoong is expanding its regenerative medicine portfolio through this deal, which brings advanced technology for cellular reprogramming to its research capabilities. This acquisition aligns with the company’s strategy of leveraging cutting-edge biotechnology platforms to address unmet medical needs.

Financial Context

Daewoong Pharmaceutical is a leading pharmaceutical firm in South Korea, known for developing and manufacturing prescription drugs as well as over-the-counter medications. With this acquisition, Daewoong aims to enhance its research focus on regenerative medicine and aging-related diseases.

Advisors

The buy-side advisors and legal counsel are not disclosed at the time of the announcement. Similarly, details regarding Turn Biotechnologies’ sell-side advisors remain undisclosed.

Outlook

Daewoong Pharmaceutical’s acquisition of the ERA platform from Turn Biotechnologies marks a significant step in its strategic move towards regenerative medicine and aging-related disease research. This deal is anticipated to strengthen Daewoong’s position as an innovator in therapeutic solutions for age-related conditions.