Lunit, a Korean medical AI company, disclosed plans to acquire all shares of Volpara Health Technologies, a New Zealand-based firm specializing in breast imaging AI solutions.To fund this acquisition, Lunit will issue approximately 171.5 billion won ($127.1 million) in convertible bonds, contributin
VUNO said its AI-based retinal imaging diagnostic support solution, VUNOMED Fundus AI, has received approval from the Ministry of Food and Drug Safety (MFDS) for an integrated review of innovative medical devices.This marks it as the first AI-powered ophthalmic device in the country to gain such rec
Ybrain said it has signed a memorandum of understanding (MOU) with Meditrix, a digital medical device company, to collaborate on developing a digital treatment device for depression and various other digital healthcare products.The core content of the MOU is the future launch and marketing cooperati
Noul, an AI-based blood and cancer diagnostic platform company, said it presented the results of a clinical performance study of its malaria diagnostic solution at an African conference.The results show that the solution has a sensitivity of up to 94.4 percent and a specificity of up to 98.1 percent
Medical AI company Lunit said Thursday that it would present seven research studies using its AI biomarker platform, “Lunit SCOPE,” at the 2024 American Society of Clinical Oncology (ASCO 2024) in Chicago, U.S., from May 31 to June 4.Lunit will present a poster on identifying HER2 Ultra-Low breast c
Macrogen, a Korean digital healthcare company, said it held a groundbreaking ceremony for the Songdo Global Genome Center in Incheon. The company emphasizes that this facility is Asia's largest genomic big data hub in terms of data quantity. The construction, slated for completion by the second half
VUNO will exhibit its AI-powered cardiac arrest risk monitoring device, VUNO Med-DeepCARS, at the 44th Korean Society of Critical Care Medicine (KSCCM) Annual Congress-Acute and Critical Care Congress 2024, which will be held from Thursday to Friday.The company plans to showcase the superiority and
AI solutions developed by Korean medical artificial intelligence companies, including Lunit, have begun to be used in medical sites, raising expectations among market players and the medical community.On Tuesday last week, Lunit, Coreline Soft, and Deepnoid received the results of the National Evide
Kakao Healthcare said Tuesday that it has signed a business agreement with global food care and catering company OURHOME to develop AI-based ultra-personalized healthcare solutions jointly.Kakao Healthcare CEO Hwang Hee and OURHOME CEO Koo Ji-eun signed the memorandum of understanding at Kakao Healt
Boston Scientific said Monday that it has released the BIB System, a balloon for suppressing appetite in the stomach that can help obese patients lose weight, with insurance coverage in Korea. The BIB System is an intragastric appetite suppression balloon for weight loss treatment in patients with a
The importance of early diagnosis of prostate cancer cannot be overstated. According to data from the World Cancer Research Fund International, prostate cancer is the second most common type of cancer among men globally, following lung cancer.Early detection significantly increases treatment options
Plasmapp, a bioplasma deep-tech company, said Monday that it had signed a contract to supply plasma sterilizers to Osstem Implant.Following signing contracts with large global distributors of STERLINK lite plus (STERLINK U510 in overseas brand name) in the U.S. and Japan, Plasmapp successfully signe
Canon Medical Systems Korea said it installed Aquilion Exceed LB, a state-of-the-art low-dose radiation CT (computed tomography) simulation machine, at Yeungnam University Medical Center in Daegu. The latest CT simulation, to be operational from Monday, is the first AI-powered CT simulation in North
The Ministry of Food and Drug Safety has granted approval to two more digital therapeutic (DTx) devices, developed by Nunaps and Share&Service. These devices, which are the third and fourth authorized DTx in the country, utilize software to assist in cognitive improvement and respiratory rehabilitat
3Bigs, a Korean company specializing in bio big data-based health management solutions, said it entered a distribution partnership with Neo-Science, a bio-health enterprise located in Abu Dhabi, the UAE.Under the accord, Neo-Science will manage the sales of several key 3Bigs products, including the
Coreline Soft, a Korean medical AI company, said Thursday that the National Evidence-based Healthcare Collaborating Agency (NECA) has completed “notifying innovative medical technology use (clinical practice) results” for its AVIEW NeuroCAD, which was selected as an innovative medical technology.Acc
Lunit, a Korean medical AI company, has moved closer to acquiring Volpara Health Technologies, a New Zealand company specializing in AI-powered cancer examining software.Volpara said its shareholders approved the deal with 96.92 percent of the votes cast at the company's annual general meeting last
Following Somzz, the first digital treatment device (DTx) in Korea, WELT-I has won approval from the Ministry of Food and Drug Safety and has begun to be prescribed to patients. Still, experts point out that expanding DTx prescriptions remains challenging.Better Therapeutics, which has been approved
Kakao Healthcare said it was invited to speak at the Google Cloud Next 2024 Conference.Google Cloud Next Conference, which is currently being held from Tuesday to Thursday (local time) in Las Vegas, U.S., is an annual tech conference hosted by Google Cloud.During the conference, Kakao Healthcare par
Watson & Company's mental wellness electroceutical tool, Pocus, is receiving attention from industry watchers and the public after showcasing its potential at the 2022 Hangzhou Asian Games, where athletes used it to manage stress and improve sleep quality.Pocus is a wearable device that applies neur