PharmaResearch Co., Ltd. announced a private placement of series 1 Non-guaranteed Private Equity Bond with Preemptive Rights for gross proceeds of KRW 25,000,000,000 on October 26, 2021. The company will issue warrants in the transaction. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on October 28, 2021. The bonds will mature on October 28, 2026. The transaction will include participation from NH Investment & Securities Co., Ltd., Investment Arm.