Korean medical device firms have been actively engaging in mergers and acquisitions (M&A) since the start of the year, aiming to maximize synergies and create new growth drivers.Notably, these companies are adopting diverse strategies, including acquiring businesses outside their primary sectors, in
VUNO will participate in Arab Health 2024, the Middle East’s largest medical device exhibition, in Dubai from Jan. 29 to Feb. 1.At Arab Health 2024, VUNO will showcase its five key medical imaging and vital signs products. They are VUNO Med-Deep Brain, VUNO Med-Chest CT AI, VUNO Med-Chest X-ray, VUN
Omni C&S, a Korean digital healthcare company, said Tuesday that it has received marketing authorization from the Thailand Food and Drug Administration for its electroencephalogram (EEG) and photoplethysmography (PPG) measurement device, Omnifit Mindcare.Omnifit Mindcare measures EEG and PPG to prov
Precision Biosensor, a Kosdaq-listed clinical diagnostics company, said Tuesday that it received marketing approval for two thyroid function hormone test reagents, Exdia TSH and Exdia fT4, from the Ministry of Food and Drug Safety (MFDS).Exdia TSH and Exdia fT4 can be easily used in hospitals to obt
Since the Supreme Court ruled in favor of allowing the use of ultrasound diagnostic devices by oriental medicine practitioners, some companies, including GE Healthcare, have been selling their products to oriental medicine doctors.However, Samsung Medison and other companies are showing a contradict
LifeSemantics, a digital health platform provider, said Monday that it would release the confirmatory clinical trial results of its home blood pressure prediction software (SW) in March.LifeSemantics initiated the confirmatory clinical trial on July 6 of last year and concluded the final patient enr
AIATRICS said Thursday that it has been certified as the “No. 6 Innovative Medical Device Software Manufacturer” by the Ministry of Food and Drug Safety (MFDS).The “Innovative Medical Device Software Manufacturer” certification system selects and supports excellent companies by evaluating their R&D
Lunit said its AI-powered chest screening solution, Lunit INSIGHT CXR, outperformed its competitors in a study comparing seven AI chest screening solutions.The research was conducted by the Project AI for Radiology team at Radboud University Medical Center in the Netherlands, led by Professor Kicky
3BIGS, a big data analytics company, said Thursday that it launched bio-big data analytics platform, 3X-INSIGHTS, on the Amazon Web Services (AWS) Marketplace.3X-INSIGHTS is a platform that manages and analyzes various next-generation sequencing (NGS) and bio-big data such as genome, transcriptome,
Huons has undertaken efforts to enhance the quality of life for individuals with diabetes.On Tuesday, Huons announced its decision to donate 6,000 Dexcom G6 continuous glucose monitors to individuals with type 1 diabetes through the Korean Society of Type 1 Diabetes.The company explained that its de
Korea's diabetes management landscape is experiencing a transformation with the increased use of continuous glucose monitoring (CGM) systems and advanced artificial pancreas technologies.This shift, particularly impactful for pediatric type 1 diabetes patients, was a focal point in a recent media ed
Vieworks, a Kosdaq-listed medical imaging solution company, said Wednesday that it has signed a supply agreement with SK telecom (SKT) to link its medical image processing software VXvue with SKT’s X Caliber, a pet AI diagnostic assistant solution, at the Veterinary Meeting & Expo (VMX) 2024 held in
Dx&Vx said Monday that it has agreed to establish various types of cooperation through partnering meetings with about 30 companies, including global pharmaceutical companies, drug developers, and investment companies at the 2024 JPMorgan Healthcare Conference and Biotech Showcase 2024 held in San Fr
Wellysis said Tuesday that it has signed a contract with a U.S. electrocardiogram service provider to supply its ECG collection and analysis solution, “S-Patch,” to three U.S. states, including Texas.Under the agreement, the Korean company will supply 1,000 units of S-Patch to the U.S. over the next
Lunit, a healthcare AI company, said Tuesday that it has signed a contract with Samsung Electronics to supply AI solutions for chest X-ray reading.The contract is valued at $1.86 million over three years, representing 17.7 percent of Lunit's 2022 sales.Under the agreement, Lunit will supply Lunit In
The U.S. Food and Drug Administration (FDA) has declared the recall of continuous positive airway pressure (CPAP) masks by global sleep solution company ResMed as a significant matter related to patients' lives.The FDA said last Thursday that the ResMed CPAP mask recall incident, which occurred last
VUNO, a Kosdaq-listed medical AI company, said Monday that its AI-based chest CT reading assistant solution, VUNO Med-Lung CT AI, has received approval for health insurance coverage in Japan.VUNO Med-Lung CT AI, which has been certified by Japan's Pharmaceutical and Medical Devices Agency (PMDA), is
365mc, a medical institution specializing in obesity care, said Friday that it signed an agreement with a cloud/AI company, Naver Cloud, to build a smart hospital capable of AI-based obesity treatment.A smart hospital is optimized for the safety and convenience of patients and medical staff through
Ilooda, a Kosdaq-listed medical device company specializing in skin aesthetics, said Thursday that it has obtained approval in Russia for its skin-tightening device, Hyzer Me.Hyzer Me is a medical device that applies high-intensity focused ultrasound (HIFU) for skin-tightening, equipped with an ultr
Selvas AI, a medical tech company, has become the largest shareholder of Mediana, a medical device manufacturer. Mediana said Wednesday that the share transfer agreement between Selvas AI and its existing largest shareholder, signed in November last year, has been completed, making Selvas AI the lar
