KENYA – The Kenyan coffee, one of the most sought-after coffees in the world due to its intense flavor, full body and a pleasant aroma, risks losing its global appeal following its rejection in Japan and South Korea on allegations of high levels of chemical contamination.
In May 2019, South Korean President, Moon Jae-in, announced an ‘Innovative Strategy on the Bio-health Industry’. This new strategy for bio-health will provide partnership and collaboration opportunities for Australian companies across various sectors including the commercialisation of research and development (R&D), clinical trials and digital health.
Amid the global trade and tariffs war between China and the US, Asian markets saw a deterioration in M&A activity in 2Q19. In line with the overall trend in the region, private equity activity decreased for the third consecutive quarter.
Macrogen is a precision medicine and biotechnology company based at the Genomic Medicine Institute of the Seoul National University College of Medicine. The majority-stake investment will give Microba access to Macrogen’s global sales and business networks.