- Business
- Onconic Therapeutics Inc Onconic Therapeutics Inc. (476060.KQ) engages in the research, development, and commercialization of innovative biopharmaceuticals focused on cancer treatments, gastrointestinal disorders, and related therapies in South Korea. The company offers Zastaprazan (OCN-101, branded as Jaqbo or Zastaprazan citrate), a potassium-competitive acid blocker approved for erosive gastroesophageal reflux disease and gastric acid-related conditions; OCN-201 (JPI-547), an anticancer agent; JP-1366 (Nesuparib), a poly ADP-ribose polymerase and tankyrase inhibitor in phase 2 for pancreatic cancer, epithelial ovarian cancer, and other solid tumors including non-small cell lung cancer; and pipeline candidates targeting DNA damage response, immuno-oncology, peptic ulcers, and digestive diseases based on small molecules. Founded in 2020 and headquartered at 11F, 12 Teheranro-26-gil, Gangnam-gu, Seoul, South Korea, Onconic Therapeutics operates primarily in the biotechnology sector, serving global markets with high unmet medical needs through its emphasis on next-generation drugs expecting at least two approvals within three years; it functions as a subsidiary of Jeil Pharma Holdings. Recent developments include positive phase 3 results for Jaqbo (Zastaprazan) announced at Digestive Disease Week 2024, leading to regulatory approval by South Korea's Ministry of Food and Drug Safety as the country's 37th domestically developed new drug; a distribution partnership with Laboratorios Sanfer for Jaqbo launch across 19 Latin American countries; KOSDAQ listing in December 2024; and ongoing clinical advancements for Nesuparib in multiple oncology indications.