Novartis Korea said on Tuesday that it launched the “Early Bird” program to support genetic testing for accurate diagnosis and treatment of patients with inherited retinal diseases (IRD).IRD is a progressive disease in which the genes of retinal cells are abnormal at birth, causing various visual im
The Ministry of Food and Drug Safety (MFDS) said on Monday that it designated Nunaps’ virtual reality (VR)-based visual stimulation software as the nation’s 33rd innovative medical device.VIVID Brain is the first product in Korea to improve visual impairment caused by brain damage. Accordingly, it w
The Korea Telemedicine Industry Council (KTIC) has voiced its opposition to the government’s pilot project plan, saying it runs squarely counter to the public’s demand by allowing only second-time treatment in principle.“After all, our concerns have become a reality. The pilot project plan unveiled
Osstem Implant, a Korean dental equipment and supplies manufacturer, confirmed its intention to voluntarily delist from the tech-heavy Kosdaq market.The company said in a public filing on Thursday that it would hold an extraordinary general shareholders’ meeting regarding the delisting issue at its
Representatives of the nation’s largest digital healthcare companies, including Kakao Healthcare, Welt, and Vuno, put their heads together to induce better and more extensive policy support from the government.They did so at a meeting organized by the Ministry of Food and Drug Safety for digital hea
i-SENS, a local in vitro diagnostics company, has acquired AgaMatrix, a U.S. blood glucose measuring device manufacturer.According to a public filing made by the company, i-SENS will acquire 52.57 million shares of AgaMatrix for about 36.1 billion won ($26.9 million). Following the acquisition, i-SE
Major in vitro diagnostic companies in Korea experienced a decline in sales in the first quarter.Among the five listed companies, SD Biosensor reported sales of 182.4 billion won ($136.5 million) in the first quarter of this year, down 7.6 percent from the previous quarter. However, the company redu
Lunit said it is expanding the pilot introduction of AI solutions to overseas deployed troops and medical institutions in combat zones to advance the military medical environment.Lunit recently signed an agreement with the Ministry of Science and ICT and the National IT Industry Promotion Agency (NI
SD Biosensor, an in vitro diagnostic firm, is facing trouble at home and abroad.In April, the National Tax Service slapped a fine of about 100 billion won ($74.6 million) on SD Biosensor, and the U.S. Food and Drug Administration recently recommended suspending the use of the company’s Covid-19 diag
Ybrain, a company specializing in mental health therapeutics, said on Thursday that its depression electroceutical, MINDD STIM, showed significant improvement in a study of Covid-19 patients suffering from brain fog.Brain fog occurs when a person feels depression, fatigue, and cognitive decline and
Lunit's first-quarter consolidated sales hit 10.9 billion won ($8.2 million), marking a remarkable 268.6 percent surge compared to the same period of 2022. The first-quarter revenue, boosted by solid international sales, is nearly 80 percent of the company's total revenue last year.Overseas sales in
The Medtronic Innovation Center (MIC), a training center of Medtronic Korea within the High-Tech Healthcare Complex in Osong, some 150 km south of Seoul, has trained about 30,000 medical professionals.Amid the rapidly developing medical equipment, including surgical devices, Medtronic Korea has buil
3BIGS said on Wednesday that it signed a memorandum of understanding (MOU) with Bangalore Gastro Center (BGC), a hospital specializing in digestive diseases in India, to research and treat digestive diseases based on the gut microbiome.The collaboration aims to provide end-to-end personalized diagno
Lululab said it has signed a memorandum of understanding (MoU) with Yonsei Cancer Center's Scar Laser and Plastic Surgery Center to establish a Skin AI Beauty Research Center.The contract comes after the company had signed a previous agreement with Severance Hospital in 2020 to establish a skin diag
SD Biosensors has initiated a recall of certain Pilot COVID-19 At-Home Tests distributed by Roche Diagnostics in the U.S.The Pilot COVID-19 At-Home Test is an over-the-counter rapid antigen test and uses a nasal swab sample that can be self-collected and self-tested by individuals ages 14 years and
On Monday, Roche Diagnostics Korea announced the launch of uPath PD-L1 (SP263) Image Analysis Algorithm, an automated AI tool designed to rapidly detect PD-L1 biomarkers in non-small cell lung cancer (NSCLC) patients.The product operates on uPath enterprise software and serves as a companion diagnos
The recent removal of bidding rules by the Vietnamese government is expected to accelerate the entry of Korean medical device companies into the Vietnamese market, industry watchers said.The Vietnamese Ministry of Health has eliminated government bidding regulations in response to complaints from th
Glenwood Private Equity (PE) has been selected as the preferred bidder for an acquisition of LG Chem's diagnostic division, a pharmaceutical industry official said. LG Chem's diagnostics division operates various diagnostic reagents and polymerase chain reaction (PCR) equipment to test for allergic
Siemens Healthineers said it unveiled Atellica CI 1900 Analyzer, an integrated biochemical and immunoassay solution, for the first time in Korea at the Korean Society for Laboratory Medicine's 2023 spring symposium, held from last Thursday to Friday.Atellica CI 1900 Analyzer received approval from t
Coreline Soft said it has signed a contract to supply AVIEW COPD, an automated lung image analysis software for the diagnosis of chronic obstructive pulmonary disease (COPD), to Pulmonx Corporation in the U.S.AVIEW COPD is a fully automated solution that combines the various image analysis algorithm