SK Biopharmaceuticals Co., Ltd. (KOSE:A326030) agreed to acquire 60% interest in ProteoVant Sciences, Inc. from Roivant Sciences Ltd. (NasdaqGM:ROIV) for $47.5 million on June 29, 2023. As for consideration, SK Biopharmaceuticals Co., Ltd. would acquire 40 million shares of Proteovant valued at about $47.5 million. The transaction is expected to close on July 17, 2023.

As of July 17, 2023, the transaction is expected to close on August 31, 2023.