EOFlow, the Korean medical tech firm that Medtronic decided to acquire in May for $738 million, has hit a snag in its entry into the U.S. market following legal disputes concerning trade secret violations and patent infringements with Insulet, a U.S. insulin pump developer.Insulet lodged a civil law
Baxter Korea on Tuesday announced the release of Olimel N12E, a protein-rich Total Parenteral Nutrition (TPN) fluid for critically ill patients, with health insurance coverage beginning on Oct. 1.Olimel N12E contains 76 grams of amino acids and 950 calories per 1,000 mL, marking an approximately 33
Amid the severe problem of declining birth rates threatening national sustainability, it has emerged that over the last 10 years (2013-2022), one in three newborns have been miscarried.Seoul has shown the most alarming level nationwide, recording a miscarriage rate of 40.74 percent last year.Accordi
Out of the 45 officials at 14 health- and welfare-related agencies appointed since the launch of the Yoon Suk Yeol administration, 22 have been “parachuted into their posts,” an opposition lawmaker pointed out on Tuesday.Rep. In Jae-geun of the Democratic Party of Korea made the disclosure after ana
SK plasma said that it has signed a term sheet with the Indonesia Investment Authority (INA) for the establishment of its blood products plant in Indonesia.The company's spokesperson did not reveal the exact location of the plant but said it would be near Jakarta. INA was established in Nov. 2020 an
Eight out of 10 emergency medical institutions nationwide provide limited or no care for children needing emergency care.According to data submitted by the Ministry of Health and Welfare to Rep. Jung Choun-sook of the Democratic Party of Korea, out of 409 emergency medical centers in Korea, only 92,
Hanmi Pharm said Tuesday it participated in a symposium organized by Congenital Hyperinsulinism International (CHI) in The Hague, Netherlands, from Sept. 22-24 to introduce its LAPS GLP-2 analog, HM15912, under development to treat the disease.CHI is a non-profit organization founded in 2005 to impr
The financial balance of health insurance reimbursement with Chinese nationals has shown a deficit of 418.1 billion won ($310.6 million) since 2018.Rep. Choi Young-hee of the People Power Party analyzed the National Health Insurance Service (NHID)'s "Status of Health Insurance Premium Charges and Be
As the opening of the European Society for Medical Oncology Annual Meeting (ESMO 2023), Europe's largest cancer conference, draws near, attention here is focused on Korean participants.Along with the American Society of Clinical Oncology (ASCO) and the American Association of Cancer Research (AACR),
Olympus Korea said it has launched its latest endoscopy system, EVIS X1. EVIS X1 is equipped with a variety of technologies to help doctors more accurately examine and diagnose digestive and bronchial diseases in patients' stomachs, large intestines, and esophagus through endoscopy.The device featur
Treatment for many childhood cancers, such as leukemia, brain tumors, and neuroblastoma, usually takes two to five years. So, how do you manage the health of a child with cancer during the long treatment period?Lim Yeon-jeong, a professor of pediatrics at Chungnam National University Hospital, recen
VUNO said VUNO Med-DeepBrain, its artificial intelligence (AI)-based brain imaging analysis medical device, has received 510k clearance from the U.S. FDA.This marks the first product developed by the company to receive FDA approval.The device analyzes brain magnetic resonance imaging (MRI) images ba
A lawmaker has reemphasized the need for the government to strengthen the management and supervision of foreign medical schools that grant qualifications to take the state medical license examination.Compared to other countries, including the U.S., U.K., Australia, and Germany, Korea has stricter st
Eight out of 10 patients administered the ultra-expensive drug, Kymriah Inj., which costs hundreds of millions of won, did not achieve meaningful therapeutic results, a lawmaker pointed out.The legislator emphasized the need to increase the reimbursement rate for pharmaceutical companies if these ex
The Ministry of Food and Drug Safety (MFDS) has participated in an international medical device regulatory consultative body to introduce domestic systems and propose joint development of international guidelines to lead international regulation on digital health, including artificial intelligence-b
GC Cell said on Friday that it signed an agreement with IQVIA, the world's largest contract research organization (CRO), to conduct a multicountry phase 1 clinical trial of its CAR-NK cell therapy targeting solid tumors, AB201.Accordingly, GC Cell plans to conduct multicountry clinical trials of AB-
Access Bio, a company that profited by selling Covid-19 diagnostic kits during the pandemic, is embroiled in a major lawsuit in the U.S.In a public filing on Thursday, Access Bio said that Gradale, a California-based medical personal protective equipment (PPE) supplier, has filed a lawsuit against t
Celltrion Pharm is at risk of being designated as a business corporation unfaithful in public disclosure for failing to make public its planned merger with Celltrion Group.The Korea Exchange on Wednesday said it would review designating Celltrion Pharm as an unfaithful public announcement corporatio
Samsung Electronics said on Thursday that its Galaxy Watch series recently received approval from the Ministry of Food and Drug Safety (MFDS) for a feature that supports early detection of sleep apnea.Sleep apnea is a condition in which breathing stops during sleep, interferes with the supply of oxy
Lotte Healthcare said on Thursday that it established a joint management system for Theragen Health, a company established with Theragen Bio, whereby Lotte Healthcare's Executive General Manager Woo Woong-jo and Theragen Bio CEO Hwang Tae-soon will serve as co-chairmen.Theragen Health, a subsidiary