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 [...]
SEOUL, July 31 (Korea Bizwire) – Major hospitals have received few or no applications for trainee doctor programs starting in September, medical sources said Wednesday, casting uncertainty over the government’s efforts to normalize the monthslong medical disruptions. Local hospitals, which recently processed resignations from thousands of trainee doctors protesting the medical school quota hike, were [...]
SEOUL, Jul. 25 (Korea Bizwire) — SK bioscience Co., a biopharmaceutical arm of South Korea’s SK Group, said Thursday it has agreed to invest US$2 million to acquire future shares in U.S. biotech company Sunflower Therapeutics. SK bioscience signed a simple agreement for future equity (SAFE) with Sunflower Therapeutics as part of efforts to expand [...]
SEOUL, Jul. 16 (Korea Bizwire) – LG Household & Health Care, a leading South Korean consumer goods company, announced on July 15 that its research identifying key genes influencing skin tone has been published in the prestigious international scientific journal “Nature Communications”. The study, which analyzed the skin genomes of over 57,000 East Asian individuals, marks [...]
SEOUL, Jul. 15 (Korea Bizwire) – The Korea Consumer Agency has issued a warning to consumers, urging them to thoroughly test and review contract terms before purchasing medical devices such as massage chairs, massagers, and hearing aids. This comes in response to a steady stream of consumer complaints and dissatisfaction with these products. According to data [...]
SEOUL, Jul. 12 (Korea Bizwire) — Samsung Electronics Co. said Friday it has participated in a Series D investment round for the U.S. biotech company Element Biosciences, Inc. as a strategic investor, expecting to create synergy in the potential medical and digital health care sectors. Samsung Electronics joins other investors, including Fidelity and Foresite Capital, [...]
SEOUL, Jul. 10 (Korea Bizwire) — A global biotechnology exhibition opened in Seoul on Wednesday with the aim of helping local businesses make inroads into the global market, officials said. The Bioplus-International Pharmaceutical and Manufacturing Expo Korea kicked off in Seoul for a three-day run, inviting 250 businesses from 15 countries, including Samsung Biologics Co. [...]
SEOUL, July 3 (Korea Bizwire) – Lotte Biologics Co. said Wednesday it has begun construction of its first production facility in South Korea, aiming to become one of the top 10 companies in the global contract development and manufacturing organization (CDMO) market. The plant, with a manufacturing capacity of 120,000 tons, is being built in [...]