As the Covid-19 pandemic is again ravaging the global community due to the spread of the Omicron variant, Korea's in vitro diagnostic medical devices are in the spotlight again amid rising demands.According to the Korea Customs Service, exports of antigen and antibody diagnostic kits amounted to $44
Coreline Soft said it has finalized a contract to supply its AI solutions for lung cancer screening to Istituto Nazionale dei Tumori (INTM), a state-run cancer center in Milan, Italy.With this contract, Coreline Soft will supply aview:LCS, its AI chest diagnosis solution, to INTM and a lung cancer s
Vuno signed a clinical research contract with Harvard Medical School Massachusetts General Hospital (MGH) to evaluate the performance of VUNO Med-LungCT AI, an artificial intelligence-based chest computed tomography (CT) image reading assistance solution.The device is a solution that automatically d
Classys, a skincare device maker, announced that CEO Jung Sung-jae and related parties have agreed to transfer 39.41 million shares (60.84 percent) and management rights to Bain Capital for 669.9 billion won ($556.7 million).After the transfer of the holdings, CEO Jung and affiliated persons will co
PCL, a Korean diagnostic device maker, said Thursday it signed an agreement with Austrian pharmaceutical companies Haemo Pharma GmbH and Sanochemia to establish an RT-PCR test center in Austria.The official name of the center is Sanochemia Labor GmbH.PCL, Haemo Pharma, and Sanochemia will purchase f
A Korean research team developed a biosensor platform that can detect the Covid-19 virus in 20 minutes regardless of the type of variants. Its sensitivity is as high as PCR testing.On Wednesday, the Korea Institute of Science and Technology (KIST) said that the research team led by Drs. Lee Kwan-hyi
CG Bio said it has obtained permission for a renewed version of Curavac, its negative pressure wound treatment device, from China’s National Medical Products Administration (NMPA).The company received approval for a previous version of Curavac in 2012.Curavac applies negative pressure to the wound s
Noul, a diagnostic test platform company, said Wednesday it has submitted a registration statement to the Financial Services Commission and entered into the initial public offering (IPO) procedure.The company plans to offer 1.5 million depository receipts at 13,000-17,000 won ($11-$14.2) per share t
Fortnova, a subsidiary of immuno-oncology developer Eutilex, has obtained Food and Drug Safety Ministry’s approval as an official institution to analyze clinical test samples.The approval has made Fortnova an accredited organization providing analysis services for human biologic materials needed for
LAS VEGAS, Nev. – By Kim Yoon-mi/Korea Biomedical Review correspondent - The Covid-19 pandemic exacerbated the social and economic burden on women worldwide, but digital healthcare technologies could help them adopt new health tools, digital healthcare industry officials said.Executives of U.S. digi
LAS VEGAS, Nev. – By Kim Yoon-mi/Korea Biomedical Review correspondent - The greatest barrier to accessing digital therapeutics (DTx) is physicians who practice medicine governed by their traditional workflow, DTx industry officials said.To help patients get more access to DTx, doctors need more edu
LAS VEGAS, Nev. -- Consumer Electronics Show 2022, the world's largest IT and electronic product exhibition, was an event to confirm the growing digital healthcare market.The same was true for Korea, which sent the second-largest number of participating companies after the U.S.However, underneath th
LAS VEGAS, Nev. -- Aside from U.S. companies, Korean businesses were most visible during the CES (Consumer Electronics Show) 2022, the world's largest IT and electronics exhibition held offline after two years.About 500 Korean companies participated in this year's CES, held from Jan. 5-7 in Las Vega
LAS VEGAS, Nev. – By Kim Yoon-mi / Korea Biomedical Review correspondent - The Consumer Electronics Show (CES) 2022 showcased state-of-the-art digital health technologies developed rapidly due to the Covid-19 pandemic.At the CES 2022 held in Las Vegas Convention Center from Wednesday to Friday, digi
LAS VEGAS, Nev. – “The future of medical care is extending beyond hospital.”Robert Ford, chairman and CEO of Abbott, said so in his keynote address at the Consumer Electronics Show (CES) 2022 in Las Vegas, Nev., on Thursday (WST).Ford, the first healthcare industry leader to present a keynote at the
LAS VEGAS, Nev. -- By Kim Yoon-mi, Korea Biomedical Review Correspondent - Since the Covid-19 pandemic, the number of vaccinations shot up. Covid-19 vaccination requires at least three doses, let alone other vaccines, including flu shots. The increase of vaccinations weighs on medical institutions,
The stock trading suspension of Osstem Implant, the world's largest seller of dental implants in sales volume, continued for the third day after a staff allegedly embezzled corporate funds almost equal to its equity capital.The incident attracted the public's keen attention, marking the single large
Himedi, a company that has developed a platform to attract foreign patients, said that foreign subscribers had exceeded 10,000.The company introduced medical concierge services, including interpretation, accommodation, and transportation, for patients from the Middle East in 2011. In August 2020, it
LAS VEGAS, Nev. -- By Kim Yoon-mi, Korea Biomedical Review Correspondent - The Consumer Electronics Show 2022, the world’s most influential tech trade show, will be an opportunity to see how much digital healthcare has advanced in the past two years since the outbreak of the Covid-19 pandemic, organ
SD Biosensor said it had signed a contract with a Canadian company to supply 138.7 billion won ($116.2 million) worth of "STANDARD Q COVID-19 Ag Nasal with Control," its Covid-19 antigen rapid diagnosis kit.The contract accounts for about 8.23 percent of the company's sales of about 1.68 trillion wo