NVC Partners announced a private placement of 220,000 common shares at KRW 5,000 per share for gross proceeds of KRW 1,100,000,000 from new investor InnoTherapy, Inc. (KOSDAQ: A246960) on July 1, 2019. The shares will be issued through paid in capital increase. The transaction was approved by the board of directors. The company issued 32.84% stake in the transaction.