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
Naver, Korea’s largest portal site, has stressed the need to provide telemedicine services for older adults in mountainous areas and islands with little healthcare access.It noted that the ethical use of artificial intelligence is emerging as a global issue to narrow the medical divide.What matters
The Covid-19 pandemic speeds up the digital transformation of the domestic biopharmaceutical industry. As a result, the convergence of IT technology based on artificial intelligence, big data, cloud computing, and the biopharmaceutical sector is particularly brisk.“The spread and prolongation of Cov
Algocare, a Korean healthcare startup known for winning CES Innovation Award for three consecutive years, has raised allegations that Lotte Healthcare stole its AI-backed nutrient dispenser business idea and launched a copycat product.Lotte Healthcare is a healthcare unit of Lotte, Korea’s fifth-lar
Amid growing social acceptance of digital transformation in healthcare, digital therapeutics (DTx) have become the hottest topic in the global healthcare industry. DTx delivers therapeutic interventions via software to manage, treat and prevent diseases.Korea is slightly lagging behind several advan
The Korea Health Industry Development Institute (KHIDI) said it has signed a memorandum of understanding (MOU) with Roche Diagnostics Korea for global research cooperation support projects.The agreement is part of the Korea-Swiss global pharmaceutical company joint research support project, which is
Lunit, a medical AI company, said it would attend the World Economic Forum in Davos, Switzerland, from Jan. 16-20.About 2,800 political and business leaders, including President Yoon Suk-yeol, attend the five-day event. In addition, Lunit CEO Suh Beom-suk will make a presentation on the company’s in
Clinical trials to develop software medical devices are being conducted briskly. Particularly, the share of confirmatory clinical trials to win permission is increasing,According to the Ministry of Food and Drug Safety, the number of approved clinical trial plans for software medical devices has ste
The Ministry of Food and Drug Safety has come under fire because of its “poor screening” while discussing providing health insurance benefits for simultaneous test kits to prepare for the “twindemic” of Covid-19 and influenza.Experts pointed out that the ministry has approved even test kits that can
In line with CES’s broad theme of human security for all, Abbott’s session on the future of at-home testing and diagnostics at CES 2023 revealed the current status of home diagnostics and its potential in the coming years in Las Vegas, the U.S. on Friday.Cara Santa Maria, Science Communicator at Tal
LAS VEGAS, Nev. -- By Min Kyeong-joong/Korea Biomedical Review correspondent -- Among the exhibitors of CES 2023, the world’s largest electronics/IT show, 466 or 15 percent registered for the digital health section. It reflects the fact that after the Covid-19 pandemic, the areas of personal health,
LAS VEGAS, Nev. – By Min Kyeong-joong/Korea Biomedical Review correspondent -- The world’s largest consumer electronics show CES 2023 kicked off with CES Unveiled, a preview of key products open exclusively for over 4,700 media outlets, late Tuesday in Las Vegas, the U.S.Unlike in 2022 when some exh
GE HealthCare said that it has completed the previously announced spinoff from General Electrics (GE) and begun trading as an independent company on the Nasdaq exchange under the ticker symbol "GEHC" from Wednesday.The spinoff of GE Healthcare follows GE's decision to split the company into three se
Curexo, a Korean company specializing in medical robots, said that it supplied 21 medical robots in the fourth quarter of 2022, bringing its total to 62 medical robots worldwide in 2022. The 62 medical robots include 39 CUVIS-joints surgical robots, 18 Morning Walks, and 5 InMotion Arms.The company’