Coreline Soft, a medical AI company, has begun to generate results by strengthening its solution supply contracts and partnerships with leading European hospitals.Coreline Soft said Thursday that it has signed a contract to supply its flagship product, AVIEW LCS Plus, a simultaneous diagnosis soluti
Kakao Healthcare said Tuesday that it has signed a business agreement with healthcare startup Brave Company to develop and spread exercise content for proper blood sugar management.Through the agreement, Kakao Healthcare's medical experts and Brave Company's exercise experts will jointly plan and de
In vitro diagnostics company Precision Biosensor has begun commercializing personalized diagnostic equipment, Egoo Health System, by collaborating with its Danish partner Qlife.Qlife, which was listed on the Nasdaq First North Growth Market, an alternative stock exchange for small- and mid-sized gro
Medical AI company AITRICS said Thursday that it has raised Series B funding totaling 27.1 billion won ($20.4 million) from nine Korean and foreign venture capital firms.For the Series B round, existing investors like Premier Partners, BNH Investment, and BSK Investment made follow-on investments, w
The Korea Medical Devices Industry Association (KMDIA) and the Taiwan Bio-Medical Care Association (TBMCA) signed a memorandum of understanding on Monday.KMDIA said on Wednesday that the MOU is designed to enhance information exchange and mutual trade in Korea and Taiwan's medical device markets and
AITRICS, a healthcare artificial intelligence (AI) company, has unveiled AITRICS-VC (VitalCare), an AI solution for predicting patient deterioration, at major medical device exhibitions in Korea and the United States.AITRICS said Monday that it participated in the HIMSS 2024 Global Health Exhibition
Boston Scientific said Monday that it would expand technical support for the Lumenis Pulse 120H Holmium Laser System based on the MOSES technology and further strengthen its leadership in stone treatment in Korea.According to Boston Scientific, the company has recently enhanced the expertise of its
Lunit said it signed contracts to supply its AI solutions to France's largest teleradiology network, TeleDiag, and the Central Center of the Portuguese Cancer League (Liga Portuguesa Contra o Cancro, LPCC), a prominent nonprofit organization in Portugal.Lunit has recently secured a contract with Tel
The 39th Korea International Medical and Hospital Equipment Show (KIMES) 2024, which opened on Thursday, attracted visitors' attention with more than 13,000 products related to the medical industry, especially AI-based smart healthcare and robotics.KIMES 2024, which will continue through Sunday, mor
Philips Korea said Wednesday that it would showcase the company’s broad ultrasound portfolio for clinical settings at the 39th Korea International Medical & Hospital Equipment Show (KIMES 2024) at COEX, southern Seoul, from Thursday to Sunday.The medical field strives to realize precision medicine b
Lunit said it has received the first-phase approval from the New Zealand High Court for its acquisition of Volpara Health Technologies.Volpara, established in 2009 in Wellington, New Zealand, specializes in AI-based breast cancer screening solutions. It has supplied its technology to over 2,000 medi
The Medical Device Industry Promotion Foundation (MEDIF) will hold the “International Joint Cooperation Seminar on Medical Device Technology and Standard Trends in Orthopedics between Korea and Brazil” based on the TC-Linked Cooperation Foundation for Pre-empting International Standards in Medical D
Dx&Vx, a diagnostics and vaccine company, said Tuesday that its Chinese subsidiary, Dx&Vx BJ, has set 2024 revenue and operating profit ratio targets of 38 billion won ($29 million) and 25 percent, respectively.In its first full year of operation last year, Dx&Vx BJ achieved sales of 14.8 billion wo
Lunit, a medical artificial intelligence (AI) company, said Monday that it has signed contracts to provide AI image analysis solutions for cancer diagnosis to Chung Shan Medical University in Taiwan and a large hospital in Singapore.The company said that with these contracts, Lunit plans to strength
Olympus, a Japan-based global medical device company, has decided to terminate its acquisition of Taewoong Medical, a Korea-based specialist in gastrointestinal stents, just two months after announcing the deal in January.The decision comes after Olympus discovered issues related to data integrity i
Coreline Soft has won two main awards at the International Forum Design Award 2024 (iF Design Award 2024), an international design competition in Germany.The iF Design Award is the longest-running international design award and is considered one of the world's top three design awards, along with the
Canon Korea has signed a medical device transaction contract with Johnson & Johnson MedTech Korea.Through the agreement, Canon Korea has acquired the rights to distribute Johnson & Johnson MedTech Korea's DePuy Synthes joint implants, which are used in orthopedics.The two companies held a business a
Boston Scientific is recalling its medical device, a hemostasis valve-attached catheterizer, in Korea.According to the Ministry of Food and Drug Safety, Boston Scientific Korea submitted a recall plan for the hemostasis valve-attached catheterizer on Feb. 19 and began recalling the device.Sixty-two
In a recent statement titled "Weight Management and CGM," the Korean Society for the Study of Obesity (KSSO) has voiced concerns over the unverified use of continuous glucose monitoring (CGM) devices for weight loss in individuals without diabetes.Such concerns come amid companies like Dr.Diary intr
The Korean medical device sector showcased its latest technologies and research achievements at the European Congress of Radiology 2024 (ECR 2024), held from Feb. 28 to last Suday in Vienna, Austria. ECR is recognized as one of the world's largest conferences in the field of radiology, alongside the