History

2025
  • DEC

    Received the Grand Prize for Win–Win Workplace Innovation by the Ministry of Employment and Labor (awarded by the Korea Labor Law Association)

  • NOV

    Awarded 2025 Minister of Health and Welfare Award of Commendation for Meritorious Contribution to Healthcare Technology Commercialization (CEO Park chan sun)

  • OCT

    Closed 5th part of Series C funding (Company K Partners, Korea Investment Partners, HLB Investment)

  • OCT

    Initiate development effort to build an AI platform designing a novel (de novo) molecular glue

  • SEP

    Signed a joint research agreement with LigaChem for the development of a novel immuno-oncology therapy

  • AUG

    Registered patent of ENPP1 inhibitor (Russia 1, Canada 1)

  • AUG

    Closed 4th part of series C funding (SolidX Co., Ltd. / SolidX (SX) No.1 Venture Investment Fund / Quantum Financing & Acquisitions LLC)

  • AUG

    Selected for Scale-up TIPS with ENPP1 inhibitors and ULK1 degraders as assets ($810,000 over 3 years)

  • JUL

    Obtained certificate for intellectual property management company (from Korean intellectual property office)

  • MAY

    ENPP1 inhibitor patent registration (Australia 1)

  • MAY

    Closed 3rd part of Series C funding
    (Korea Development Bank, DSC Investment Co., Ltd./Schmidt Investment Co., Ltd./ Scale-up Partners Co., Ltd.)

  • MAR

    Closed 2nd part of Series C funding (Korea Investment & Securities Co., Ltd./Solidus Investment Co., Ltd.)

  • FEB

    Acquired a rating of 'TI2' in technology evaluation for investment (Ecredible Co., Ltd.)

  • JAN

    U.S. FDA designated TXN10128 as an orphan drug for pancreatic cancer patients

  • JAN

    Registered the domestic patent “Platform technology (LIN/TMED evaluation technology)”

2024
  • DEC

    Closed 1st part of Series C funding (Korea Technology Finance Corporation)

  • OCT

    Registered patent of ENPP1 inhibitor (Korea 3, Australia 1, Russia 1)

  • SEP

    ENPP1 inhibitor, TXN10128, Phase 1 change planning IND approved

  • AUG

    Singed MOU with LigaChem for developing ADC and ·new small molecule anti-cancer medicine

  • AUG

    Completed free capital increase 1,200 % (capital change $ 0.25 m → $ 3.7 m)

  • JUL

    ENPP1 inhibitor, TXN10128, Phase 1 change planning IND submitted

  • JUL

    Selected as Top3 biotech in 2024 Start-in-tech competition (All pick by whole judging panels)

  • JUN

    Signed MTA with HLB Life Science Co., Ltd.

  • MAY

    Awarded Super Gap Startup Incubation Program (DIPS 1000+) grant by the Ministry of SMEs and Startups

  • MAR

    Singed MOU for AI-assisted novel drug development (AIGENDRUG CO., Ltd.)

  • JAN

    Signed contract with Korea Investment & Securities Co., Ltd., as a leading investor for IPO

2023
  • NOV

    Presented a poster describing preclinical studies of TXN10128 at the 2023 SITC annual conference in San Diego

  • OCT

    Closed second Series B funding round (Korea Venture Investment Corp. Well to Sea, IBK, Woori Bank, Woori Financial Capital. Hyundai Pharm. C&R Research)

  • OCT

    Awarded Korea Drug Development Fund grant for clinical development of ENPP1 inhibitor

  • SEP

    First patient received first dose of TXN10128

  • AUG

    Successfully completed KDDF grant for preclinical development of ENPP1 inhibitor in advance of completion date

  • JUL

    Officially opened phase I clinical trial of TXN10128 at Asan medical center in Seoul

  • MAY

    Awarded Global company support program grant to acquire a molecular modeling system (Ministry of SMEs and Startups)

  • MAY

    Applied IND for clinical development of TXN10128 was approved

  • MAR

    Completed IND submission for clinical development of ENPP1 inhibitor, TXN10128

  • JAN

    Signed the agreement of strategic investment with Hyundai pharmaceuticals and started collaboration for novel drug development

  • JAN

    Selected as a company receiving matching fund from Korean venture investment

2022
  • DEC

    Closed first part of series B funding
    (Korea investment Partners, Company K investment,
    Solidus investment, Daily Partners,
    Meditox venture investment)

  • DEC

    Successfully completed Tech Incubator Program
    for Startup korea grant

  • DEC

    Launched a collaboration with HK inno.N
    for novel drug development

  • AUG

    Exchanged MOU with K-MEDI Hub

  • AUG

    Exchanged MOU with Ahngook Pharm.

  • JUN

    Awarded Korea Drug Development Fund grant
    for ENPP1 inhibitor

  • JUN

    Awarded ministry of science
    and information communication grant

  • JUN

    Participated in the 2022 BIOUSA conference

  • MAY

    Awarded bioresearch data generation support grant

  • APR

    Awarded AI voucher support grant for ULK1 inhibitor

  • MAR

    Awarded Korea Drug Development Fund grant
    for ULK1 inhibitor

  • MAR

    Opened animal facility (named “spleen”)

  • JAN

    Exchanged MOU with AnaPath for pre-clinical development

2021
  • OCT

    Participated in the 2021 BIO-EUROPE ®

  • OCT

    Presented poster
    at the 2021 AACR-NCI-EORTC annual conference

  • SEP

    Exchanged MOU with HK Inno.N Corp.

  • AUG

    Completed Series A funding round
    (Korea Investment Partners, Schmidt,
    DSC investment, Company K investment)

  • MAY

    Closed 2nd angel funding round

  • JAN

    Opened headquarter and R&D center at Gwanggyo

  • JAN

    Certified as a corporate affiliated research institute

2020
  • NOV

    Certified as a venture business corporation

  • OCT

    Awarded Tech Incubator Program
    for Startup Korea (TIPS) grant.

  • OCT

    Completed Pre-A funding round
    (Korea Investment Partners, Schmidt, DSC investment)

  • SEP

    Closed 1ST angel funding round

  • SEP

    Launched Txinno Bioscience inc.

2018
  • MAR

    Started as Incubator Team #2 of BioStar project at KIST