biotech company Archives | Be Korea-savvy

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 [...]

Dreaming of New Drugs – Phase I Clinical Trials Soar

SEOUL, May 11 (Korea Bizwire) – Korean pharmaceutical and biotech companies are rushing to conduct Phase I clinical trials. Phase 1 trials are the first step in human testing of new drugs, and they’re the first step in new drug development. According to the Ministry of Food and Drug Safety, a total of 64 Phase [...]