The year 2023 marked significant transformations in the medical and pharmaceutical sectors. Despite facing resistance from the medical community, President Yoon Suk Yeol's administration declared its intention to increase the number of medical school seats starting in 2025. Additionally, 2023 witnes
GC Cell said Thursday that it has signed a co-development agreement with Lunit, a medical AI company, for AB-201, GC Cell's allogeneic chimeric antigen receptor-natural killer (CAR-NK) cell therapy targeting solid tumors.Under this accord, GC Cell will conduct a phase 1 study of AB-201 by utilizing
Osstem Implant, a Korean dental equipment manufacturer, said it may establish a dental medical equipment production facility in Saudi Arabia.The company announced that it had signed a memorandum of understanding (MoU) with the National Industrial Development Center under the Ministry of Industry and
Ilooda, a Kosdaq-listed medical device company specializing in skin aesthetics, said Tuesday that its laser surgical device for skin care, Secret Pro, has received the FDA 510k clearance.Secret Pro is an upgrade version of the existing laser surgical device, Fraxis Duo, combining a Fractional CO2 la
Lunit, a Kosdaq-listed medical AI company, said Thursday that it has signed an agreement to acquire New Zealand-based AI cancer screening platform company, Volpara Health Technologies, for $193.1 million.Volpara specializes in breast cancer screening, with an office in Seattle, performing active cli
A research team led by Jang Kyung-in, Professor of the Department of Robotics and Mechatronics Engineering at Daegu Gyeongbuk Institute of Science and Technology (DGIST), and Choi Ji-hwan, Professor of the Department of Aerospace Engineering at Korea Advanced Institute of Science and Technology (KAI
Kim Jae-jin, founder and CEO of wearable insulin pump maker EOFlow, has expressed his positions on the background of the abortive acquisition of Medtronic, future business plans, and response to the lawsuit with Insulet.EOFlow held an online IR briefing on Monday, in which CEO Kim answered sharehold
One of the biggest frustrations for expatriates in Korea is accessing healthcare because of the language barrier."I struggled to articulate my pain, and I was hesitant, so initially, I avoided going to the hospital," shared Nazokat Mamadalieva, 29, who arrived in Seoul from Uzbekistan in September.
Huons Meditech, a medical device company under Huons Group, said it recently received the $7 million Export Tower Award from the Korea International Trade Association (KITA).The KITA and the Ministry of Trade, Industry and Energy annually recognize companies that successfully make inroads into forei
EOFlow said that it has terminated the contract with Medtronic for the latter to acquire the company."Over the past few weeks, both sides have worked to find common ground, but due to fundamental differences in view regarding the recent situation of our company, we decided to terminate the contract
Wells Bio, a subsidiary of Access Bio, said it aims to contribute to the global fight against the Mycoplasma pneumonia outbreak in Asia and Europe by exporting its careGENE Pneumonia Detection Kit, a molecular diagnostic reagent for pneumonia.Mycoplasma pneumonia shares symptoms with epidemic influe
Countless services have made our lives easier. One that has recently transformed lives and perceptions is Netflix.Netflix, a 'subscription' service where users can access content without ownership, swiftly inspired diverse subscription-based models. The global landscape now comfortably embraces paid
Coptiq, a Korean eyewear startup, held a press conference in Seoul on Tuesday to reveal its vision for the upcoming year. The company aims to penetrate the U.S. eyewear market with its 3D scanning technology under its proprietary brand, Breezm, offering personalized eyewear solutions optimized for i
CHICAGO, Ill. -- By Lee Han-soo/Korea Biomedical correspondent – With the increase in diagnostic data and ongoing workforce shortages contributing to high levels of burnout among radiologists, Philips is focusing on innovating solutions that aim to streamline radiological processes.Led by Chief Inno
As the use of artificial intelligence (AI) increases in the medical field, experts are calling for an overhaul of the legal system to ensure the safety of using AI.More specifically, they maintain that the product liability law should be applied, assigning responsibility to manufacturers in case of
CHICAGO, Ill. -- By Lee Han-soo/Korea Biomedical correspondent – VUNO, one of Korea’s leading players in the AI-backed medical device industry, anticipates breaking even in the third quarter of 2024 with a significant revenue surge attributed to its cardiac arrest prediction device, its CEO said. Th
PCL, a Kosdaq-listed in vitro diagnostic medical device company, said Thursday that its AI-based point of care testing (POCT) device, Pclok II Prep Universal, characterized by the ability to diagnose various chronic diseases, cancers, viruses, and infectious diseases, has received U.S. FDA clearance
As the healthcare terrain undergoes dynamic shifts, Roche Diagnostics stays ahead in innovation, consistently adjusting to the ever-changing demands of the industry.Matthias Essenpreis, Chief Technology Officer (CTO) of Roche Diagnostics, highlighted the critical role of collaboration in driving inn
CHICAGO, Ill. -- By Lee Han-soo/Korea Biomedical correspondent – At the recent Radiological Society of North America (RSNA) 2023 conference, Lee Sang-hyup, Vice President of the Medical Directives Department at Lunit, engaged in an insightful discussion with Korea Biomedical Review, offering a detai
CHICAGO, Ill. -- By Lee Han-soo/Korea Biomedical correspondent – After navigating a tumultuous period marked by supply chain complications and an expansive global recall of its respiratory devices in 2022, Philips has shown signs of a robust recovery in the latter half of 2023.The Dutch multinationa