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Korean stock Bridge Biotherapeutics rose over 20% today, with a market capitalization reaching approximately 36 million USD.
On June 20, Bridge Biotherapeutics, Inc., a biotechnology company listed in South Korea, saw its stock price rise by 20.59%, with a market capitalization increasing to 49.218 billion KRW, approximately 36 million USD. Previously, Parataxis Holdings, an investment company focused on the digital asset sector, announced that it has signed a final protocol with Bridge Biotherapeutics, Inc. to invest 25 billion KRW, thereby acquiring a controlling stake in the company (“the Transaction”). After the transaction is completed, the company plans to change its name to Parataxis Korea and continue to be listed on KOSDAQ.