"With the advantage of LegoChemistry, our core technology, LegoChem Biosciences will make continued efforts to generate new and more efficacious clinical drug candidates through an extensive and a growing network of R&D collaborations. Our innovative strategy will surely bring faster and more reliable results in our journey to find new drugs," said Prof Yong-Zu Kim, CEO and president, LegoChem Biosciences.

After developing LegoChem Biosciext Generation ADC technology, the company hopes to work in close collaboration with global pharmaceutical companies that apply the ADC technology in new drug R&D.

LegoChem Biosciences anticipates that its ADC technology will define a new paradigm, particularly in the area of anti-cancer, and play a pivotal role in the field of new drug R&D, both in Korea and across the world.

The company also offers joint and contract research, chemical library, and screening services for lead identification and optimization based on medicinal chemistry. It provides chemical library package to research companies for early-ADMET information and customized compound synthesis and services, including in vitro early ADMET screening, metabolic stability tests, protein binding and plasma stability.

Since its inception, LegoChem Biosciences raised $10 million (10.3 billion Korean wons) and is now preparing for an IPO. It expects to be listed with KOSDAQ by January 2012.