Progen Co. Ltd. announced that it has received IDR 155,720,000,000 in a round of funding from PT Kalbe Farma Tbk. on January 2, 2023.

The company received IDR 46,716,000,000 through the issuance of common shares for 8.7% stake in the company and IDR 109,004,000,000 through the issuance of convertible bonds with a 5-year term and an interest of 5% per year.