Biotech Firms Archives | Be Korea-savvy
Pharma and Biotech Firms Step Up Cybersecurity After Wave of Hacks

Pharma and Biotech Firms Step Up Cybersecurity After Wave of Hacks

SEOUL, Sept. 22 (Korea Bizwire) — A string of hacking incidents at South Korea’s telecommunications and financial companies has prompted pharmaceutical and biotech firms to tighten their defenses, wary that breaches involving sensitive clinical data and intellectual property could trigger irreparable damage. Industry officials said this week that companies are moving quickly to reinforce security policies [...]

Korean Biotech Firms Struggle as Drug Trials Fail, Triggering Liquidations and Layoffs

Korean Biotech Firms Struggle as Drug Trials Fail, Triggering Liquidations and Layoffs

SEOUL, June 18 (Korea Bizwire) — A string of clinical trial failures is putting severe financial strain on South Korea’s biotech sector, forcing some drug development firms into liquidation or restructuring as investor confidence continues to erode. On Tuesday, industry sources confirmed that OsteoNeuroGen, a pharmaceutical startup focused on treatments for idiopathic pulmonary fibrosis, will [...]