Founded in February 2020 by CEO Kwanmook Kim, KYTECBIO developed a stealth anticancer drug that hides conventional anticancer agents inside albumin for targeted delivery to cancer cells
Cancer cells express numerous albumin-binding receptors that attract albumin from the bloodstream and break it down for nutrients. In essence, albumin is the cancer cell’s food source. The stealth anticancer drug conceals the anticancer agent within this food source, causing the cancer cells to ingest it.
KYTECBIO developed stealth anticancer drugs thanks to its globally unique FLIC technology, which is an original technology for albumin binding.
Kim is advancing the development of stealth anticancer drugs with the goal of surpassing antibody-drug conjugates (ADCs). Unlike ADC technology, which is only applicable to specific cancer types, stealth anticancer drugs can treat various common cancers. They also have the advantage of lower development costs, which will enable many cancer patients to access them at minimal expense.
KYTECBIO has conducted R&D using funds including 100 million won in angel investment received in 2022, bank loans secured through guarantees from the Korea Technology Finance Corporation, and government support such as BIG3 and TIPS. The company aims to secure investment from Pre-Series A to Series A within the first half of 2026.
Founded: February 2020
Main business: development of stealth anticancer drugs
reporter jinho lee
jinho2323@hankyung.com
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