SEOUL, Oct. 2 (Korea Bizwire) – In a bold move towards personalized healthcare, the South Korean government has embarked on a large-scale initiative to build a national biodata bank, aiming to usher in an era of precision medicine. The project, launched in April, seeks to collect and integrate genetic information, clinical data, and lifestyle habits from [...]
SEOUL, Oct. 2 (Korea Bizwire) – In South Korea, prescriptions for methylphenidate, a medication used to treat Attention Deficit Hyperactivity Disorder (ADHD), have skyrocketed in the first half of this year, nearly matching the total number of patients prescribed the drug in all of 2023. This surge comes amid growing misconceptions about the drug as a [...]
SEOUL, Oct. 2 (Korea Bizwire) — SK bioscience Co., a biopharmaceutical arm of South Korea’s SK Group, said Wednesday it has completed its acquisition of a controlling stake in the German biotech company IDT Biologika. In June, the Korean company agreed to take over a 60 percent stake in IDT Biologika from Klocke Group for [...]
SEOUL, Sept. 30 (Korea Bizwire) – In the pharmaceutical industry, glass bottles continue to play a significant role in packaging both over-the-counter and prescription medications, despite ongoing challenges with breakage and contamination risks. While glass containers are prized for their ability to preserve drug integrity, their fragility has prompted pharmaceutical companies to seek alternative solutions, including [...]
SEOUL, Sept. 20 (Korea Bizwire) – In a breakthrough that could revolutionize the treatment of neurological disorders, South Korean researchers have developed technology that tailors electronic stimulation to individual brain patterns, potentially offering new hope for patients with drug-resistant conditions. The Institute for Basic Science (IBS) announced on September 19 that a team led by researchers [...]
SEOUL, Sept. 2 (Korea Bizwire) — Samsung Medison Co., a medical equipment unit of Samsung Electronics Co., said Monday it has completed the acquisition of the French artificial intelligence medtech startup Sonio, as part of its effort to expand its AI-powered health care solution business. The Korean company acquired 100 percent of Sonio on Friday, [...]
SEOUL, Aug. 28 (Korea Bizwire) – The South Korean government has announced plans to grant private sector access to biodata held by public research institutions starting next year, in a move to bolster the country’s public biodata platform. The Ministry of Science and ICT disclosed this initiative on August 28 following the third regular meeting of [...]
SEOUL, Aug. 16 (Korea Bizwire) — Celltrion Inc., a South Korean biopharmaceutical firm, said Friday it has decided not to merge with its chemical drug-producing affiliate, Celltrion Pharm Inc., as shareholders disagreed on the planned merger. The decision was made in board meetings of the two companies held earlier in the day, Celltrion said. In [...]
SEOUL, Aug. 13 (Korea Bizwire) – The Ministry of Health and Welfare announced on August 12 that starting next year, South Koreans will have unprecedented access to their medical records from all tertiary hospitals across the country through a government-operated platform called the Health Information Highway. This digital initiative aims to consolidate dispersed medical data from [...]
SEOUL, Aug. 7 (Korea Bizwire) – South Korean artificial intelligence (AI) healthcare companies are making significant progress in the global market, with recent developments highlighting their competitiveness and potential for expansion. Lunit, a leader in AI-powered cancer diagnostics, has announced that its chest X-ray analysis solution, Lunit Insight CXR, has received approval from the World Health [...]