• GI Innovation initiated a Phase 1 clinical trial of GI-102, a subcutaneous (SC) immune-oncology drug, marking the first such attempt by a Korean firm.
• The trial, conducted across 14 medical institutions in Korea and the U.S., evaluates GI-102's potential in treating melanoma and other indications.
• Preclinical data suggests GI-102's SC formulation may enhance efficacy compared to IV administration, showing a 30% objective response rate in metastatic melanoma patients.
• The Phase 1 trial is expected to conclude by February 2025, with global pharmaceutical companies showing interest in clinical data for potential technology licensing.