CG Bio said it has launched Voluint, a 3D breast volume measurement device, in Korea.Volunit is an in-vitro medical camera equipment that can accurately measure anatomical indicators such as breast volume and circumference in conjunction with Cordia, a 3D chest analysis solution software developed b
A local analyst has lowered the target stock price of SD Biosensor by almost half from November, predicting the diagnostics company’s earnings will decline with the Covid-19 pandemic transitioning to endemic in Korea.In a corporate briefing on Wednesday, Kiwoom Securities analyst Huh Hye-min said he
Coreline Soft, a developer of AI-backed medical imaging solutions, said it has achieved its best performance since its establishment thanks to overseas certifications of major products and contracts with global partners.According to the company’s public filing of the preliminary 2022 earnings, Corel
Seegene, a diagnostics company that experienced rapid growth due to the global demand for Covid-19 test kits, has announced a decision to freeze its employees' wages this year as a result of declining earnings.Market watchers say that the company's drastic increase in employees during the pandemic m
A dental health expert said Korean people need to shift their perception with a focus on prevention rather than treatment of gum diseases, and that this could be done by implementing standard gum brushing. Korea’s Oral Health Association Chairman Park Yong-duk spoke on how to prevent gum diseases at
Neurophet said on Tuesday that its AI-based neurodegenerative brain image analysis software, Neurophet AQUA, has received medical device approval from Singapore’s Health Sciences Authority (HSA).Neurophet AQUA is the second device to win approval in Singapore after the company’s automated PET image
Dr. Diary, a healthcare startup based in South Korea, has accused Kakao Healthcare of allegedly copying its blood glucose management service with its new diabetes business model, "Gamma."However, Kakao Healthcare, a healthcare unit of Korean IT giant Kakao, has called the allegations groundless.Acco
Lunit said it will present five poster presentations featuring its AI-biomarker platform, Lunit SCOPE IO, during the 2023 American Association for Cancer Research (AACR) annual meeting in Orlando, Florida, from April 14-19.One of the studies to be presented evaluates a deep learning-based ensemble m
Medtronic Korea said on Friday that it signed a memorandum of understanding (MOU) with the Korean Society of Obstetrics and Gynecology (KSOG) to designate the Medtronic Innovation Center in Korea as a specialized training facility for gynecologic surgery.Under the MOU, Medtronic Korea will equip the
The medical device industry is experiencing rapid transformation with the advent of the Fourth Industrial Revolution. The integration of digital transformation, such as artificial intelligence technology, is producing remarkable progress and creating new value when combined with existing medical dev
Wells Bio said on Thursday that it obtained medical device approval from the Japanese Pharmaceuticals and Medical Devices Agency (PMDA) for its careSTART G6PD Biosensor Analyzer.Accordingly, the company will begin exporting the device to Japan this month.The biosensor analyzer is a medical device th
The Ministry of Food and Drug Safety (MFDS) said on Thursday that it has designated the Z-med Ⅱ Percutaneous Transluminal Valvuloplasty Catheter, a balloon-expandable valve catheter, as a rare medical device to aid patients who require an aortic valve replacement.Similar to orphan drugs, rare medica
GE HealthCare has recently become an independent entity, having spun off from the larger GE organization. With a focus on precision care, the company aims to improve patient outcomes by integrating segmented care and addressing gaps in healthcare workflows. To achieve this, GE Healthcare utilizes a
T&R Biofab said on Wednesday that its researchers published a paper describing a 3D bioprinting technology capable of printing capillaries within organoids with characteristics similar to those of human organs.Organoids are self-organized 3D tissue cultures derived from stem cells which can replicat
Lotte Healthcare said it has granted stock options to nine executives including CEO Lee Hoon-ki and Executive General Manager Woo Woong-jo.The decision aimed to reinforce the company's position as one of Lotte Group's new growth engines and to further enhance corporate value in the mid-to-long-term
The government announced on Tuesday that it aims to establish Korea as one of the top five medical device export powers by investing 10 trillion won ($7.6 billion) in research and development (R&D) of medical devices between 2023 and 2027, in collaboration with the private sector.In addition, the go
CG Bio said it participated in the Aesthetic and anti-aging Medicine World Congress (AMWC) 2023, an anti-aging conference held in Monte Carlo, Monaco, from March 30 to April 1, and signed supply contracts worth 16.5 billion won ($12.6 million) with Argentina and France. The company said that it sign
Although the Korean medical device market grows rapidly, foreign companies, not domestic firms, take substantive profits, an expert pointed out Monday.Sun Kyung, a special professor at Kyung Hee University, said so during a forum to discuss the innovative growth of medical equipment at the National
Seegene, a South Korean biotechnology company, is teaming up with the International Vaccine Institute (IVI) to conduct tests for human papillomavirus (HPV) on nearly 50,000 people in eight countries across Asia and Africa.Seegene and IVI said they signed a memorandum of understanding (MOU) at IVI's
Shares of Sugentech, an in vitro diagnostics manufacturer, shot up on Monday after the company announced that it "registered" its digital healthcare platform, Surearly SMART, with the U.S. FDA.In the press release, the company said it received FDA approval but Korea Biomedical Review has learned tha