Daewoong Pharmaceutical said on Thursday that it signed a four-way agreement with the Korea Medical Institute (KMI), Seers, and Medical AI to supply artificial intelligence (AI)-based electrocardiography (ECG) solutions for public health screening programs. The four companies signed the contract for
Recent advancements in digital health technologies and artificial intelligence (AI) are pushing boundaries in the medical field, but not without concerns.The Ministry of Health and Welfare (MOHW) reported a plan to temporarily apply health insurance benefits to medical AI and digital treatment devic
Prominent Korean AI medical imaging firms, including Lunit, VUNO, Medical IP, and Coreline Soft, unveiled their key products at the 2023 Korea Clinical Radiology (KCR) conference.The conference is held at COEX, Seoul, from Wednesday to Friday.Lunit showcased all of its Ministry of Food and Drug Safe
Kakao Healthcare and i-SENS said they have signed a contract to cooperate in the supply of continuous glucose monitoring (CGM) devices and data linkage-based blood glucose management services.The two companies have been discussing cooperation since July last year and had signed a memorandum of under
Multinational medical device companies are gearing up to showcase their latest breakthroughs and innovations at the much-anticipated Korea Clinical Radiology (KCR) 2023 convention.The convention will be held from Wednesday to Friday at COEX, Seoul.Philips Korea plans to present its new ways to manag
Coreline Soft's shares plummeted on its first trading day on the tech-heavy Kosdaq market on Monday.As of market close Monday, the company's shares stood at 35,000 won ($26.39), down 25.05 percent from its initial public offering price at 46,000 won. According to an analyst, the drop in shares is pr
GE HealthCare Korea showcased its advanced obstetric diagnostic ultrasound technology, including its 3D ultrasound, during the BeFE Baby Fair 2023 held at COEX, Seoul, from Sep. 14 to 17.The event served as a platform to educate visitors about the benefits of 3D ultrasound, which has become essentia
Lunit and U.K.’s Leeds Teaching Hospitals NHS Trust said they have kicked off the "world's first" prospective study of artificial intelligence (AI)-powered breast reading in a symptomatic breast clinic environment, utilizing Lunit INSIGHT MMG.This initiative aims to revolutionize breast cancer detec
Samsung Electronics and AimMed have embarked on an attempt to load a digital therapeutic device (DTx) for insomnia on the wearable device Galaxy Watch.At a workshop organized by the Korean Society of Pharmaceutical Science and Technology last Friday, Jung Kyung-ho, a director at AimMed, said the com
Aiming to provide a holistic and personalized healthcare platform that is easy and enjoyable to encourage daily healthcare management, Lotte Healthcare revealed its business plan, platform features, and security policies of Cazzle, a personalized healthcare platform.Lotte Healthcare held a press con
VUNO, a medical artificial intelligence (AI) company, said on Wednesday that a multi-center clinical research paper demonstrated the clinical efficacy of its AI medical solution, VUNO Med-DeepCARS. This marks the first prospective study to demonstrate the superior predictive performance of VUNO Med-
Coreline Soft, a developer of artificial intelligence (AI) medical imaging software, has signaled a transition to profitability within two years of its expected listing.The company is set to merge with Shinhan No. 7 Pack and the Special Purpose Acquisition Company (SPAC) and will be listed on the KO
Philips Korea said it has launched MR 7700, one of its newest magnetic resonance imaging devices, on Wednesday.The company stressed that the product stands out in the crowded MR diagnostic market with its newly designed XP gradients, offering significant improvements over its predecessors.According
Access Bio said on Tuesday that it secured a new equity stake in CuraPatients, a U.S. digital population health-based company, to accelerate its entry into the American digital healthcare sector.Access Bio is a Kosdaq-listed U.S. company developing next-generation diagnostic kits in which Korean pha
Lunit's artificial intelligence (AI) diagnostic assistant solution draws the industry's attention by being used for the final breast cancer diagnosis in Europe.Industry executives are watching with interest whether Lunit's AI solution can become part of the screening system in Europe, where there is
Kai Health, a fertility AI company, said on Friday that it obtained European medical device certification for its embryo analysis AI solution, Eve.Accordingly, the CE certification allows Kai Health to sell Eve to countries in the European Union and other countries that acknowledge the CE certificat
LabGenomics said it would participate in the Cancer Moonshot Initiative project, which aims to reduce the death rate from cancer by more than 50 percent over the next 25 years, pushed by the Joe Biden administration.LabGenomics stressed that it is the only Korean company offering cancer diagnostic s
Lunit said it has signed a distribution agreement with Guardant Health, a U.S.-based company specializing in precision oncology, to distribute the latter’s cancer diagnostic products in Korea.Under the accord, the two companies will work to introduce Guardant Health's various liquid biopsy and tissu
Samjin Pharmaceutical announced on Wednesday that Wellysis has obtained U.S. FDA approval for S-Patch Ex, a wearable electrocardiogram (ECG) monitor.S-Patch Ex has been developed by Wellysis, a digital healthcare startup that spun off from Samsung SDS in 2019. In the Korean market, Samjin Pharmaceut
Korean digital therapeutics (DTx) makers have not made a single license application since April, according to the regulatory agency.Noting that the Nos. 1 and 2 DTx had debuted in the domestic market, industry insiders predicted that it would likely take a considerable time for the No. 3 DTx to get