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Biotech Firms to Track and Monitor Patients Injected with Stem Cells or Gene Therapy Treatments

Biotech Firms to Track and Monitor Patients Injected with Stem Cells or Gene Therapy Treatments

SEOUL, July 16 (Korea Bizwire) — New government regulations will require South Korean biotech companies to track and monitor patients who are injected with stem cells or gene therapy treatments. According to the Ministry of Food and Drug Safety on Wednesday, the Advanced Regenerative Bio Act, enacted to strengthen the safety management of advanced regenerative [...]

Helsinn Nominated as a Swiss Biotech Success Story 2019/2020 by the Swiss Biotech Association

Helsinn Nominated as a Swiss Biotech Success Story 2019/2020 by the Swiss Biotech Association

Switzerland, May 7 (Korea Bizwire) - Helsinn, a Swiss pharmaceutical group focused on building quality cancer care products, today announces that it is one of the companies to have been nominated as one of the Swiss Biotech Association’s Biotech Success Stories for the period 2019/2020. Helsinn was nominated alongside Actelion and Debiopharm, as well as three [...]

S. Korea to Invest 3 tln Won in Biotech Sector This Year

S. Korea to Invest 3 tln Won in Biotech Sector This Year

SEOUL, Apr. 22 (Korea Bizwire) — South Korea’s government will invest nearly 3 trillion won (US$2.6 billion) this year into biotech-related research and development (R&D) and commercialization efforts as the country strives to promote innovative growth, sources said Monday. The earmarked spending marks a 2.9 percent on-year increase from 2018. The Ministry of Science and [...]

Precision Medicine and Innovation To Extend Healthy Life Expectancy by 2022

Precision Medicine and Innovation To Extend Healthy Life Expectancy by 2022

SEOUL, Dec. 1 (Korea Bizwire) – The government is aiming to increase South Korea’s healthy life expectancy from 73 to 76 by 2022 with the aid of technological innovations spearheaded by the emergence of precision medicine and expedited R&D efforts in pharmaceuticals. 1 In a document released on November 30 detailing the various measures necessary to [...]

Korean Biotech Firms Embrace Open Innovation

Korean Biotech Firms Embrace Open Innovation

SEOUL, July 20 (Korea Bizwire) – ‘Open innovation’ refers to a company’s innovative means to develop a new product or service by sharing and accepting new knowledge and ideas from other companies or start-ups that have developed groundbreaking technology. The practice is becoming increasingly common in the Korean pharmaceutical and biotechnology industries. In the past, innovations were [...]

Hanwha Chemical Sacks 4 Top Executives of Its Biotech Unit

Hanwha Chemical Sacks 4 Top Executives of Its Biotech Unit

SEOUL, Nov. 26 (Korea Bizwire) — Several executives within the biotech unit of Hanwha Chemical have been fired. This is widely interpreted as a personnel move by Hanwha Group chairman Kim Seung-youn who kick-started the biotech business in 2006 as part of an ambitious plan to nurture it as a next-generation growth engine. For years the unit hasn’t [...]