Hana Pharm Co., Ltd. develops, manufactures and markets specialty pharmaceutical products primarily in South Korea and internationally. The company offers anesthetics including remimazolam under the brand Byfavo; narcotic analgesics; antiemetics; muscle relaxants; cardiovascular drugs such as hypertension, hyperlipidemia and blood circulation improvement medicines; gastrointestinal drugs including peptic ulcer treatments and antispasmodics; respiratory system products; antibiotics; dermatology analgesics; urology treatments; osteoporosis medications; central nervous system drugs; and analgesics, antipyretics and anti-inflammatory drugs. Founded in 1978 and headquartered in Seoul, South Korea, Hana Pharm operates manufacturing facilities in Hwaseong-si, Gyeonggi-do, and a research laboratory in Seongnam-si, Gyeonggi-do, with approximately 730 employees. In recent developments, Hana Pharm launched Byfavo (remimazolam) in South Korea following regulatory approval and extended its license agreement with Paion AG to include Southeast Asia markets comprising Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, securing an upfront payment of EUR 1.5 million plus potential milestones up to EUR 4.2 million and royalties; the company also executed an option agreement with Bold Therapeutics for exclusive development and commercialization rights to BOLD-100, a ruthenium-based oncology drug, in South Korea to support clinical trials in gastric, pancreatic, colorectal and bile duct cancers.