LN Robotics said on Friday that it obtained approval from the Ministry of Food and Drug Safety (MFDS) for its All-purpose Vascular Intervention Assist Robot (AVIAR) in Korea.AVIAR is a vascular intervention robot with a focus on percutaneous coronary interventions to treat cardiovascular diseases re
Lunit, a Korean biopharmaceutical company specializing in artificial intelligence (AI)-based cancer solutions, said on Friday that it will establish a new subsidiary in Amsterdam, the Netherlands, following a board of directors meeting held on Thursday.Accordingly, Lunit Inc. will hold a 100 percent
The healthcare industry is closely watching the results of the technical dispute mediation applied by Algocare against Lotte Healthcare.Algocare suspects that Lotte Healthcare had stolen its technology in developing Cazzle, the latter's nutrient dispenser.According to the Ministry of SMEs and Startu
Medtronic Korea said it has initiated a large-scale domestic recall of its natural bone graft products.The company recalled Grafton DBM (model name: T45001INT) due to concerns about damage to the sterilization package exterior during the product packaging process of natural bone graft. There are 11,
The Ministry of Food and Drug Safety (MFDS) said that Aimmed’s Somzz for treating insomnia was the first digital therapeutics (DTx) device to receive domestic marketing approval at a press briefing on Wednesday.Somzz is a software medical device that implements cognitive behavioral treatment (CBT) t
Amid the impending approval of digital therapeutics (DTx) devices in Korea, a report that examined the rapidly growing global DTx market has been presented, drawing the attention of domestic businesses.The Korea Health Industry Development Institute (KHIDI) released the report on Monday, which analy
The Ministry of Food and Drug Safety (MFDS) said on Monday that it will promote international cooperation for the Korean medical device sector at the Global Harmonization Working Party (GHWP) in Riyadh, Saudi Arabia from Monday to Thursday this week.The GHWP is a cooperative organization established
Dx&Vx, a Korean molecular diagnostics company, said it achieved record-high sales and successfully turned to an operating profit in 2022.According to the company's public filing on Friday, the company recorded sales of 32.2 billion won ($26.2 million) last year, up 331 percent compared to 2021.The c
Lunit said it agreed with Agfa HealthCare, a multinational imaging company headquartered in Belgium, to supply an AI image analysis solution for breast cancer diagnosis to the Dubai Academic Health Corporation (DAHC) in the United Arab Emirates (UAE).The two companies have been collaborating to deve
Macrogen, a company specializing in genome analysis, said on Monday it acquired a domestic patent for a health information analysis device using microbiomes.This patent is for a device that can diagnose a specific disease or predict risk or prognosis using microbiomes in the body and its genome.The
Leaders of global and regional health organizations said that digital health needs to be prioritized to develop new interventions to improve public health equity at the Global Engagement and Empowerment Forum (GEEF) 2023 held in Yonsei University, Seoul, on Thursday.The session first outlined the st
CG Bio said it acquired M.Base, a company specializing in manufacturing and developing lifting threads, to strengthen its esthetic business portfolio.According to CG Bio, the company recently signed a contract to acquire a 90 percent stake in M.Base.CG Bio, an affiliate of Daewoong Pharmaceutical, h
A team of researchers in Korea has published a study proving the clinical feasibility of using a miniaturized confocal laser endomicroscopy to identify cancerous tissues accurately during brain surgery.Failing to remove brain tumors completely could cause recurrence. However, removing healthy brain
Celltrion and Humasis have filed a lawsuit against each other for damages in connection with their previous partnership for the Covid-19 diagnostic kit business.The legal battle will center on which company is responsible for the breach of the diagnostic kit contract.The lawsuit follows Celltrion te
NGeneBio said on Thursday that it launched its next-generation sequence (NGS)-based breast cancer diagnostic service in a newly installed inspection laboratory of a Thai consignment inspection agency, MP Group.The MP Group is Thailand's leading consignment inspection agency and distributor specializ
SK C&C said it will join hands with Microsoft Korea to accelerate the entry of its Medical Insight+ Brain Hemorrhage, an AI brain hemorrhage imaging medical solution, into the global market.On Thursday, the two companies signed a memorandum of understanding (MOU) to advance into the global market fo
With the artificial intelligence (AI) medical imaging industry showing rapid growth, Korean AI medical imaging startups are also expanding their footing overseas.According to Contrive Datum Insights, a market research agency, the global AI medical imaging market, which was valued at $1.7 billion in
SD Biosensor, a Korean diagnostics firm, said Wednesday it has completed the acquisition of Meridian Bioscience, a U.S. diagnostic company.In July 2022, the company said it would purchase Meridian Bioscience for about $1.53 billion. The acquisition of Meridian Bioscience is the largest M&A deal in t
Ybrain, a company specializing in mental health therapeutics, said on Tuesday that it signed a joint promotion contract with Chong Kun Dang Holdings for MINDD STIM, a prescription depression electroceutical for at-home use.Under the agreement, Chong Kun Dang will exclusively supply and sell Ybrain's
Panagene said on Thursday that its OncoTector KRAS mutation test kit received approval from the Ministry of Food and Drug Safety as a grade 3 companion diagnostic (CDx) to support Lumakras (ingredient: sotorasib), a non-small cell lung cancer (NSCLC) treatment.Lumakras is a targeted treatment for pa