RedHill Biopharma Ltd. (RDHL) Tuesday said it has won its petition to attach the assets of Kukbo Co. Ltd in the Court in South Korea. This follows about $8.25 million plus legal fees and costs summary judgment ruling in RedHill's favor by the New York Supreme Court.
The case refers to Kukbo's failure to make payments to RedHill, pursuant to subscription and licensing agreements signed by the companies in October 2021 and March 2022, respectively.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.