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
SAN FRANCISCO, Calif. -- By Lee Han-soo/Korea Biomedical Review correspondent –- Kakao Healthcare CEO Hwang Hee took the stage at the J.P. Morgan Healthcare Conference (JPMHC) 2024 in San Francisco, Calif., on Tuesday, unveiling ambitious plans for PASTA, its new mobile-based blood sugar management
JLK, a Kosdaq-listed company that provides brain image AI analysis solutions, said Tuesday that it aims to achieve annual sales of 600 billion won ($456.5 million) by 2028 by boosting its AI services within the U.S. market.JLK has 11 products, including JBS-04K, a brain hemorrhage detection solution
Huons Meditech said it has obtained import approval for TULSA-PRO, a prostate cancer and benign prostatic hyperplasia treatment device, developed by Profound, a Canadian medical device company.TULSA-PRO is a treatment device based on ultrasound technology. The technology propagates through biologica
Osteonic, a Kosdaq-listed orthopedic medical device company, said Thursday that it has signed a contract with Beijing Kyungpook Medical Group to supply dental devices in China.The scale and duration of the contract were not disclosed.Osteonic's dental products under the contract are prosthetic devic
Humasis, a medical diagnostics company, said on Wednesday that it filed a complaint with the Fair Trade Commission (FTC) against Celltrion, a biosimilar giant, for violating the Act on Fair Transactions in Subcontracting.The FTC filing comes after Humasis is undergoing a legal battle against Celltri
Itoxi, a Kosdaq-listed game development and healthcare distribution company, said Wednesday that it has shipped its first batch of medical devices to Julius K. Quiambao Medical and Wellness Center (JKQ), a general hospital in Bayambang, Philippines.In July, Itoxi signed a $2.7 million medical device
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