LG Chem said on Tuesday that it would acquire Aveo Oncology for $566 million (about 800 billion won) which marks the first time a Korean company has acquired a foreign drugmaker with a new FDA-approved drug.Aveo was established in Boston in 2002 and has secured comprehensive capabilities specialized
Korea's new covid-19 cases on Tuesday nearly tripled from the previous day, amid growing concerns from health officials about the possibility of a resurgence of the virus during the winter season.On Tuesday, Korea added 33,248 new Covid-19 infections, including 87 cases from abroad, bringing the tot
Celltrion said it signed a contract with Pinot Bio, a local bioventure, and obtained the option to implement PINOT-ADC, the latter’s antibody-drug conjugate (ADC) linker-payload platform technology.Under the agreement, Celltrion paid an upfront of 1 billion won ($701,754) and secured the right to us
High-intensity physical activity can increase coronary artery calcification, a recent study has shown.Normal coronary arteries don't have calcium, but calcium begins to build up in the coronary arteries when arteriosclerosis progresses. A high coronary calcification index is known to cause many card
Novo Nordisk Korea said Tuesday it has appointed Sasha Semienchuk, senior director of marketing at Novo Nordisk Japan, as its new general manager (GM).Semienchuk has more than 20 years of experience in various fields such as sales, marketing, research, and management at multinational pharmaceutical
3billion, a company specializing in genetic diagnostics for rare diseases, said on Tuesday that it will reveal its research results at the annual American Society of Human Genetics (ASHG) conference in Los Angeles, the U.S., from Oct. 24-28.The ASHG annual conference is the world's largest conferenc
Dong-A ST steps up commercializing two- or three-drug therapy by combining DPP-4 inhibitor diabetes treatment Suganon and SLGT-2 inhibitors.According to KIPRIS, a patent-related information search service, on Tuesday, Dong-A ST applied for patents for two trademarks – Sugadapa and Sugadapamet – on J
The upcoming CES 2023, to be held from Jan.5-8 next year in Las Vegas, Nev., in the U.S., will offer a 40 percent larger venue, becoming the largest in-person meet in the U.S. since 2020, the event organizer Consumer Technology Association said. Hundreds of tech industry leaders will gather at the J
Korean researchers developed a new treatment strategy for biliary tract cancer, which surpasses the GemCis (gemcitabine plus cisplatin) therapy, which has been the standard primary treatment over the past few decades and won global recognition.The U.S. Food and Drug Administration approved the combi
ATsens, a bio-signal-based healthcare platform company, said on Tuesday that its patch-type long-term continuous electrocardiogram (AT-Patch, ATP-C130) obtained U.S. FDA approval on Oct. 10.AT-Patch is the first domestic long-term continuous wearable electrocardiogram (ECG) device to be licensed in
Affiliates or subsidiaries of Korean pharmaceutical companies have been announcing their plans to conduct an initial public offering (IPO) to secure funds for clinical research and develop new drugs.Most recently, Idience, Ildong Pharmaceutical Group's new drug development company, said on Monday th
VUNO said on Tuesday that its artificial intelligence (AI)-based bone age reading assistance solution, VUNO Med-BoneAge, has obtained medical device certification from the Taiwanese Food and Drug Administration (TFDA).Vuno had already signed a local distribution contract with CHC Healthcare Group, T
When Kakao stopped, the Covid-19 response system also faltered. As Kakao Talk’s “group chat room” went down, the bed assignment was made through wired communication between the managers. All these happened because, for the past three years, the authorities have only relied on Kakao Talk group chat r
According to the latest report by UNAIDS, a U.N. agency exclusively responsible for AIDS, the number of new HIV infections worldwide totaled about 1.5 million in 2021, more than a million more than the global target.UNAIDS, which declared to terminate AIDS by 2030, puts its foremost priority on HIV
A government report showed that eight out of 10 deaths in Korea last year were due to chronic diseases.The Korea Disease Control and Prevention Agency (KDCA) on Monday published the “2022 Chronic Disease Status and Issues,” which annually provides the basis for establishing the relevant health indus
Inventage Lab, a company specializing in gene therapy, said that it signed a joint development and commercialization contract with Chong Kun Dang Pharmaceutical for a long-lasting persistent dementia injection, IVL3003, on Monday.The pipeline, which gave Chong Kun Dang exclusive rights, is a dementi
The Ministry of Food and Drug Safety (MFDS) said it has granted emergency use approval (EUA) for Pfizer's Covid-19 bivalent vaccine, an improved vaccine developed to respond to the Omicron variants.The Emergency Use Approval System allows the urgent manufacture, import, and supply of medical product
A lawmaker has called for a check to reduce the indiscriminate hormone treatments of precious puberty, pointing out that health insurance claims have sharply increased since the Covid-19 outbreak.Rep. Shin Hyun-young of the opposition Democratic Party of Korea (DPK) said so on Sunday based on her an
Lunit said its artificial intelligence (AI)-based imaging analysis solution Lunit Insight CXR's reading accuracy was similar to that of a radiologist with more than 20 years of experience in a recent study. Lunit conducted the study jointly with the University of Edinburgh's Queen's Medical Research
M2N Bio, an investment partner in Pacylex Pharmaceuticals, said that the PCLX-001 drug to treat patients with acute myeloid leukemia (AML) received U.S. FDA orphan drug designation (ODD) on Saturday.PCLX-001 is the first N-myristoyltransferase (NMT) inhibitor in its class undergoing phase 1 clinical