SEOUL, Feb. 15 (Korea Bizwire) — South Korean drug companies are upping the ante to develop the country’s first homegrown COVID-19 vaccine, possibly effective against the omicron variant, which may become a game changer in fighting the yearslong pandemic. According to the latest data by the Ministry of Food and Drug Safety, a total of [...]
SEOUL, Jan. 13 (Korea Bizwire) — Finance Minister Hong Nam-ki said Thursday the government plans to spend 6.3 trillion won (US$5.3 billion) to support corporate facility investment in vaccine development by 2024. The move is aimed at nurturing the vaccine industry as a key sector at a similar level to the semiconductor industry as South [...]
SEOUL, May 20 (Korea Bizwire) — South Korean pharmaceutical firms are in the beginning stages of coronavirus vaccine development, lagging behind U.S. rivals, industry sources said Wednesday. No domestic companies have received the green light for clinical trials for vaccine candidates from the drug safety authorities, though U.S. biotech firm Moderna announced Monday all participants [...]