As Korean big tech companies, such as telecom carriers and platforms, prepare to enter the digital medical device market, the Ministry of Food and Drug Safety (MFDS) has promised to improve regulations by collecting industry opinions. The attention now is on how the digital medical device market, do
Huons Meditech said on Tuesday that it signed a memorandum of understanding with LVIS, a Silicon Valley-based digital brain disease diagnosis company, to commercialize its AI platform, NeuroMatch.The software aims to innovate how neurological diseases are examined.NeuroMatch, developed by LVIS, is a
NGeneBio said on Monday a study found that gene-specific machine-learning models are more efficient at predicting the pathogenicity of rare genetic variants than disease-specific machine-learning models.The research paper is about interpreting the pathogenicity of BRCA1/2 genetic variants, in rare d
A GE Healthcare Korea employee was reportedly killed during a routine inspection of computed tomography (CT) device at a hospital in Seongnam, Gyeonggi Province, on Tuesday.According to reports from the medical community on Wednesday, the CT table fell down on the employee while he was inspecting a
Ybrain said on Wednesday that it was selected by the Ministry of Health and Welfare (MOHW) to conduct two electronic drug-related studies under the 2023 Electronic Drug Technology Development project to expand indications to treat perinatal depression.Ybrain will conduct one study for “demonstration
Kim Hyun-joon, founder and former CEO of VUNO, partnered with Professor Park Sang-joon of the Department of Ophthalmology at Seoul National University Bundang Hospital to launch CLOP, an AI-based eye disease management startup.The startup has also received seed investment.CLOP said it recently drew
Boston Scientific Korea said it has launched Wolverine Cutting Balloon Dilatation Device, a catheter for use in percutaneous coronary intervention (PCI).PCI is a minimally invasive treatment that uses balloon catheters or stents to widen narrowed coronary arteries to improve blood flow to the heart.
Lunit said on Monday FujiFilm's AI solution for chest X-ray analysis, CXR-AID, which uses Lunit INSIGHT CXR software, has obtained health insurance reimbursement in Japan.As of 11:02 a.m. Monday, Lunit's stocks on Kosdaq jumped by approximately 25 percent.The reimbursement is provided under the "Ima
Coreline Soft said it has submitted a filing with Shinhan 7th Special Purpose Acquisition Company to the Financial Services Commission and plans to start trading on the tech-heavy Kosdaq market in September. The merger will be an absorption merger, in which Coreline will absorb Shinhan 7th Special P
Kakao Healthcare said it has signed a global collaboration agreement with Dexcom to provide CGM (continuous glucose monitoring) based blood glucose management services in Korea first, and then in other countries.In April, the two signed a memorandum of understanding (MOU) in Boston, U.S., to pursue
Invites Genomics and Illumina said that they have officially kicked off the Invites Precision Medicine Initiative, aiming to collect genomic information and metadata from 50,000 Koreans, including 10,000 Jeju Island residents.The Invites Precision Medicine Project will leverage DRAGEN, Illumina’s cl
Digital therapies and telemedicine, which draw attention in Korea, have many obstacles to surmount to gain industrial success, an expert advised Thursday.Rha Koon-ho, director of Naver Healthcare Lab, said so in this year’s Hospital Innovation and Patient Experience Conference (HiPex 2023) at Myongj
Numerous diseases, including obesity and metabolic disorders like sarcopenia, osteoporosis, cardiovascular disease, and diabetes, have been established to have a strong correlation with body composition. This implies that the proportional distribution of different elements within the human body sign
MedySapiens, a Korean AI-powered rare disease diagnostics startup, has taken its first step into the US genomic diagnosis service market, accelerating its overseas expansion. MedySapiens was one of President Yoon Suk Yeol’s business delegates that visited the U.S. in late April to promote the biotec
i-SENS said it has received the regulatory approval for CareSens Air, the first locally-developed continuous glucose monitoring (CGM) device, on Tuesday. CareSens Air is also the fourth CGM product approved in Korea after those by Medtronic, Abbott, and Dexcom.A continuous glucose monitor (CGM) is a
ChatGPT, once a "novelty chatbot," has emerged as the inevitable future of healthcare. Some say generative AI will "replace doctors," but most experts counter that AI technology still needs human interaction to be used properly.Generative AI lives up to its name by "creating" something that doesn't
GI Biome said on Wednesday that it signed a memorandum of understanding (MOU) with two digital healthcare companies, InHandPlus and GI VITA, to jointly develop a decentralized clinical trial (DCT) platform to accelerate the global market entry of GB-X01, an anticancer microbiome pipeline.According t
Medical IP, a company specializing in digital twin-based AI solutions, said on Wednesday that it obtained the FDA 510(k) certification for DeepCatch, an AI software for analyzing CT-based whole-body composition.DeepCatch is a product that segments human body components from CT images and automatical
Korean AI-backed medical imaging companies, which previously faced sluggish stock prices since their listing on the tech-heavy Kosdaq market, are witnessing signs of revitalization this year as share prices sharply rise.Continuing their upward trend, the stock prices of leading domestic medical AI c
Electroceutical, a medical device that aims to achieve therapeutic effects by directly stimulating electric current to the human body, is emerging as a new growth engine for Korean biopharmaceutical companies.In Korea, electroceuticals are classified as medical devices and are subject to approval un