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
Lunit, a medical artificial intelligence (AI) company, said a study predicting colorectal cancer recurrence and treatment response using its AI biomarker, Lunit SCOPE IO, has been published in npj Precision Oncology (IF 10.123), a sister journal of Nature.Tumor-infiltrating lymphocyte (TIL) density
CHICAGO, Ill. -- By Lee Han-soo/Korea Biomedical correspondent – Artificial intelligence (AI) has emerged as the centerpiece of the Radiological Society of North America (RSNA) 2023 conference, cementing its position in the new era of medical imaging.The world's largest radiological conference, RSNA
Johnson & Johnson Vision, a global eye health company, said it launched new intraocular lens for cataract surgery and laser vision correction equipment in Korea.The company held a press conference in southern Seoul on Thursday to celebrate the release of the TECNIS PureSee IOL for cataract surgery a
Nutrasemantics, a subsidiary of the digital healthcare company Life Semantics, said it has officially entered the biopharmaceutical industry by acquiring Ceres F&D, a subsidiary of Alteogen.Nutrasemantics held an extraordinary board meeting on Tuesday and approved the acquisition of Ceres F&D.The co
VUNO said it has supplied two types of AI-based X-ray reading assistance solutions to five major military hospitals in Uzbekistan, including the Uzbekistan Central Military Hospital.The solutions introduced to the Uzbekistan military hospitals are VUNO Med-Extremity X-ray, an AI-based upper extremit
Korean medical artificial intelligence (AI) imaging companies, such as Lunit, VUNO, and Coreline Soft, are set to unveil their latest advancements and research in AI-powered imaging solutions during the Radiological Society of North America 2023 (RSNA 2023) conference.RSNA is the world's largest aca
Korea Pharma said it has signed a domestic sales contract with Waycen, a medical AI company, for WAYMED Endo, a software that analyzes endoscopic images in real-time to provide various information to physicians, assisting in polyp removal and diagnostic decisions.Through this contract, Korea Pharma
Korean medical and healthcare companies have won innovation awards for the world's largest electronics exhibition, CES 2024, in Las Vegas next January. In particular, medical AI solution providers and digital therapeutic device (DTx) makers for diagnostic support dominated the awardee list.The Consu