PANACEA Inc. agreed to acquire Enjoy Shop Co. Ltd. from Crystal Bio Sciences Co., Ltd on KRW 11 billion on September 7, 2023. The consideration will be paid through PANACEA Inc.'s own funds. As of December 31, 2022, Enjoy Shop Co. Ltd. reported total assets of KRW 19.3 billion, total debt of KRW 1.2 billion, sales of KRW 18.9 billion and Net Income of KRW 1.7 billion. The deal is expected to be completed on September 7, 2023. Shin Seung Accounting Corporation acted as accountant to Enjoy Shop Co. Ltd.

PANACEA Inc. completed the acquisition of Enjoy Shop Co. Ltd. from Crystal Bio Sciences Co., Ltd on September 7, 2023.