MedPacto, Inc. announced a private placement and it will issue 1,831,039 common shares at an issue price of KRW 6,530 each for gross proceeds of KRW 11,956,684,670 on November 23, 2023. The transaction will include participation from new investor, Theragen Etex Co.,Ltd. and will hold 7.58% stake in the company, post completion of the transaction. The transaction is expected to close on or before December 15, 2023.

The transaction was approved by the board of directors of the investor company.