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Samsung BioLogics Inks Manufacturing Deal for Coronavirus Treatment

Samsung BioLogics Inks Manufacturing Deal for Coronavirus Treatment

SEOUL, April 10 (Korea Bizwire) — Samsung BioLogics, a biopharmaceutical unit of South Korea’s Samsung Group, said Friday that it has clinched a US$362 million deal to manufacture a candidate treatment for the novel coronavirus. Under the deal, Samsung BioLogics will start full-scale production of U.S. drug firm Vir Biotechnology’s candidate COVID-19 treatment that is [...]

Hospitals Struggling Financially as Patient Numbers Plummet

Hospitals Struggling Financially as Patient Numbers Plummet

SEOUL, April 9 (Korea Bizwire) — A growing number of South Korean hospitals are reporting financial difficulties as their outpatient numbers have dropped significantly due to the COVID-19 outbreak. According to a survey of 62 hospitals conducted by the Korean Medical Association (KMA) the number of outpatients dropped by an average of 16.3 percent (44.5 [...]

3 S. Korean Firms Sign Contracts to Supply Coronavirus Test Kits to U.S.

3 S. Korean Firms Sign Contracts to Supply Coronavirus Test Kits to U.S.

SEOUL, April 8 (Korea Bizwire) — Three South Korean companies have inked contracts with the U.S. government to export coronavirus test kits, with shipments likely to take place next week, a foreign ministry official said Wednesday. The companies won interim approval last month from the U.S. Food and Drug Administration for the exports, after U.S. [...]

S. Korea to Set Guidelines on Plasma Treatment of Virus Patients

S. Korea to Set Guidelines on Plasma Treatment of Virus Patients

SEOUL, April 7 (Korea Bizwire) — South Korea will set guidelines for the treatment of coronavirus patients with plasma from those who have recovered from COVID-19, a senior health official said Tuesday, after two patients here were declared cured upon receiving the therapy. The therapy involves infusions of blood plasma from coronavirus survivors to virus [...]

Foreign Gov’ts Requesting S. Korean Medical Expertise as Virus Continues to Spread

Foreign Gov’ts Requesting S. Korean Medical Expertise as Virus Continues to Spread

SEOUL, April 6 (Korea Bizwire) — While a growing number of countries are requesting imports of medical products such as novel coronavirus test kits from South Korea, there have also been calls for cooperation in software technology. According to the Ministry of Foreign Affairs, Singapore recently asked for technical cooperation regarding a quarantine protection application [...]