Ja-an Signs Joint Research Agreement on Bio-Healthcare with Seoul National University

[Asia Economy Reporter Hyunseok Yoo] Jaan announced on the 18th that it has signed a business agreement with the Seoul National University Industry-Academic Cooperation Foundation to jointly conduct research and promote related businesses in the bio and healthcare sectors. The research project, titled ‘Discovery of Natural Material for the Development of High-Functionality Cosmetics and Healthcare Products,’ is led by Professor Sang-guk Lee of the College of Pharmacy at Seoul National University.

Through this agreement, Seoul National University will take the lead in establishing development plans for the joint research, while Jaan plans to handle business development and marketing to activate follow-up projects after the joint research. They also agreed to actively cooperate in establishing business joint operation plans, including the development plan for the joint research project and the establishment of a joint venture (JV).

To strengthen its own research capabilities in the bio business, Jaan acquired nine peptide-related patents from a KOSPI-listed company’s bio research institute in February, and in December last year, signed a partnership agreement with Biopharma Research Lab for the development of bio-functional foods.

A Jaan representative said, “Since starting to promote the bio-healthcare sector as a new business last year, we have continuously made efforts to strengthen the company’s research capabilities in a short period. Through this agreement, Jaan’s bio-life science research institute will work closely with Seoul National University to discover natural materials for developing its own health functional food products such as secondary metabolites of organisms and peptides.”

Jaan plans to develop its own bio and healthcare brand products using the research results obtained through this agreement. The products developed will be sold not only through ‘SelectOnHealth,’ Jaan’s premium healthcare platform, but also through most domestic online and offline distribution channels, as well as exported overseas.

Meanwhile, to focus its capabilities on the bio and healthcare fields and leap forward as a global bio company, Jaan plans to change its corporate name to ‘JaanBio’ at the upcoming regular shareholders’ meeting.

This content was produced with the assistance of AI translation services.