The Medical Device Industry Promotion Foundation (MEDIF) will hold the “International Joint Cooperation Seminar on Medical Device Technology and Standard Trends in Orthopedics between Korea and Brazil” based on the TC-Linked Cooperation Foundation for Pre-empting International Standards in Medical D
Dx&Vx, a diagnostics and vaccine company, said Tuesday that its Chinese subsidiary, Dx&Vx BJ, has set 2024 revenue and operating profit ratio targets of 38 billion won ($29 million) and 25 percent, respectively.In its first full year of operation last year, Dx&Vx BJ achieved sales of 14.8 billion wo
Lunit, a medical artificial intelligence (AI) company, said Monday that it has signed contracts to provide AI image analysis solutions for cancer diagnosis to Chung Shan Medical University in Taiwan and a large hospital in Singapore.The company said that with these contracts, Lunit plans to strength
Olympus, a Japan-based global medical device company, has decided to terminate its acquisition of Taewoong Medical, a Korea-based specialist in gastrointestinal stents, just two months after announcing the deal in January.The decision comes after Olympus discovered issues related to data integrity i
Coreline Soft has won two main awards at the International Forum Design Award 2024 (iF Design Award 2024), an international design competition in Germany.The iF Design Award is the longest-running international design award and is considered one of the world's top three design awards, along with the
Canon Korea has signed a medical device transaction contract with Johnson & Johnson MedTech Korea.Through the agreement, Canon Korea has acquired the rights to distribute Johnson & Johnson MedTech Korea's DePuy Synthes joint implants, which are used in orthopedics.The two companies held a business a
Boston Scientific is recalling its medical device, a hemostasis valve-attached catheterizer, in Korea.According to the Ministry of Food and Drug Safety, Boston Scientific Korea submitted a recall plan for the hemostasis valve-attached catheterizer on Feb. 19 and began recalling the device.Sixty-two
In a recent statement titled "Weight Management and CGM," the Korean Society for the Study of Obesity (KSSO) has voiced concerns over the unverified use of continuous glucose monitoring (CGM) devices for weight loss in individuals without diabetes.Such concerns come amid companies like Dr.Diary intr
The Korean medical device sector showcased its latest technologies and research achievements at the European Congress of Radiology 2024 (ECR 2024), held from Feb. 28 to last Suday in Vienna, Austria. ECR is recognized as one of the world's largest conferences in the field of radiology, alongside the
i-SENS, a Kosdaq-listed biotech company, said it received product approval for CareSens Air, its continuous glucose monitoring (CGM) device, from the European Conformité Européenne (CE) Medical Device Regulation (MDR) last Thursday.The CareSens Air CGM system offers a non-invasive solution for diabe
Coreline Soft's AVIEW Aorta has been recognized as an innovative medical device with insurance benefits, broadening its application in emergency medicine and establishing itself as a new source of revenue.On Monday, the medical AI company announced that AVIEW Aorta, a class 3 cardiovascular image de
The Middle East is gaining attention as an emerging market for Korean medical equipment manufacturers.Many medical device makers, including Waycen and Osstem Implant, have recently participated in Arab Health 2024, Medlab Middle East 2024, and AEEDC Dubai to promote new technologies and sign export
Dentis said Wednesday that it has obtained approval from the U.S. Food and Drug Administration (FDA) for its sheet used for clear orthodontic device, “Serafin.”“MESHEET,” developed by Dentis, is a dental orthodontic sheet with a composite structure embedded with a mesh-structured cushioning mat, and
Kakao Healthcare said over 50 health regulatory officials, including those from the Ministry of Food and Drug Safety, the WHO, and the U.S. FDA, visited its headquarters on Monday in light of the AI Regulatory and International Symposium 2024 (AIRIS 2024).The event is ongoing at the Shilla Seoul Hot
CG Bio said it has become the largest shareholder in Innosys, a research and manufacturing company focused on orthopedic implants, following the completion of an equity acquisition on Tuesday.The acquisition involved CG Bio finalizing share transfer agreements for a 17.75 percent stake in Innosys an
JW Medical said Thursday that it launched the ARIETTA 750 DeepInsight (AR750DI), a premium ultrasound imaging device incorporating high-resolution image-realizing technology.Developed by Japan’s Fujifilm, AR750DI is a premium ultrasound medical device that applied Deep Insight technology to the exis
As tensions between the U.S. and China in the healthcare industry escalate, the U.S. is intensifying its scrutiny of Chinese companies, extending beyond the biotech sector into medical devices.The U.S. FDA has recently issued a warning to medical device manufacturers to re-examine the work of third-
Boditech Med said Wednesday that it has acquired a 3.03 percent stake in 4TEEN4 Pharmaceuticals GmbH (4TEEN4), a German company focusing on developing therapeutics and diagnostic biomarkers for treating cardiogenic shock.Along with the equity investment, Boditech Med has entered into a license agree
MediThinQ, a company focusing on medical augmented reality (AR) technology, has announced a strategic partnership with Medtronic to introduce the AR wearable display, Scopeye, into the U.S. market.At a press conference on Wednesday, MediThinQ CEO Im Seung-joon detailed the collaboration's objectives
The government has announced a plan to use non-face-to-face medical treatment as a countermeasure to the collective action of the medical community, but related companies said they have never heard about it.At the “Ministerial Meeting on Response to Collective Action” on Monday, Prime Minister Han D