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
Medical AI company Selvas AI has acquired medical device manufacturer Mediana.Selvas AI said Monday that it has signed a business cooperation and share transfer agreement with Mediana for AI medical business. Under the agreement, Mediana Chairman Khil Moon-jong transferred 5.2 million shares (32 per
JLK, a Korean AI healthcare solutions company, announced Monday that it has signed a clinical research agreement with faculty members at Harvard Medical School, part of Massachusetts General Hospital (MGH) in the U.S.Through collaboration with Harvard Medical School, JLK plans to validate and establ
Philips Korea announced a partnership with Hankook General Hospital on Monday. Philips will provide its products and solutions to collaborate with Hankook General Hospital on clinical research and care.Through this partnership, the two organizations will contribute to the development of healthcare i
Lunit said its chest X-ray AI imaging analysis solution, Lunit INSIGHT CXR, will be covered by national health insurance in Korea from as early as March 2024 because it has been designated as an innovative medical technology by the Ministry of Health and Welfare through the "Integrated Review and Ev
Vatech, a Kosdaq-listed company specializing in X-ray imaging, said it opened the Yonsei University-Vatech Accurax Imaging Research Center (AI Center) at Yonsei University's Sinchon Campus in central Seoul on Thursday.The AI Center is a collaborative research center between Vatech and Yonsei Univers
PCL, a local diagnostic kit manufacturer, said it has signed a stock acquisition agreement with the global alternative investment group GEM (Global Emerging Markets) Group to enter the in vitro diagnostic medical device (IVD) markets in North America and Europe.GEM, headquartered in New York, the U.
Wellysis said Wednesday that it has entered into a business collaboration with Samsung Electronics' System LSI Division to develop the next model of S-Patch, a wearable ECG measurement device.The collaboration follows the recent approval of the S-Patch Ex Patch System model by the U.S. Food and Drug
Lunit said it plans to supply Lunit INSIGHT CXR, its AI chest screening solution, to five major hospitals in Saudi Arabia.Lunit Insight CXR is software that utilizes AI-based technology to assist medical professionals by reading 10 chest diseases, such as lung nodules, lung hardening, and pneumothor
VUNO said it has signed a memorandum of understanding (MOU) with Readycure, a dementia treatment medical device company based in Korea, to jointly research artificial intelligence (AI) medical solutions and develop medical devices for dementia treatment.Under the MOU, both companies plan to develop
Lunit, a provider of AI-powered solutions for cancer diagnostics and therapeutics, announced on Tuesday that its 3D Breast Tomosynthesis (DBT) AI solution, Lunit INSIGHT DBT, has received U.S. FDA 510(k) clearance.This approval signifies a major step forward in the fight against breast cancer, enabl
VUNO, a medical artificial intelligence company, reported consolidated sales of 3.6 billion won ($2.7 million) in the third quarter, jumping 330 percent year-on-year from 840 million won ($636 thousand) a year earlier. The figure is a 20 percent increase from 3 billion won ($2.3 million) in the prev
Bayer, a prominent player in the pharmaceutical industry, is establishing itself as a trailblazer in radiology, as shown by its commitment and strategic moves aimed at driving innovation in medical imaging.With a robust performance, generating close to 2 billion euros ($2.1 billion) in sales from ra
Despite a surge in sales of non-Covid-19 products, Seegene, which saw sales spike over a trillion won during the Covid-19 pandemic, continued to report an operating loss in the third quarter of this year.According to a public filing by the company last Friday, Seegene posted sales of 91.8 billion wo
SCL (Seoul Clinical Laboratories), a clinical diagnostic laboratory, participated in the RED (Roche Experience Days) 2023 symposium organized by Roche Diagnostics Korea.RED 2023, held at the Grand Hyatt Seoul on Wednesday and Thursday, is a knowledge-sharing and networking platform that Roche Diagno
Curiox Biosystems announced Friday that it participated in a workshop co-organized by the National Institute of Standards and Technology (NIST) and the U.S. Food and Drug Administration (FDA) at the University of Maryland's Institute for Biosciences and Biotechnology Research (IBBR), presenting the
Lunit, a provider of AI-powered solutions for cancer diagnostics and therapeutics, announced its collaboration with CancerX as Lunit’s first project on Friday. As a founding member of CancerX, Lunit will enhance equity and alleviate the financial burden of cancer care with its AI-powered solutions.C
Lunit said it will supply its AI-powered chest screening solution, Lunit INSIGHT CXR, to a military hospital and public health center in the Philippines.The company will install its solution at Victoriano Luna Medical Center, a military hospital in Manila, and at a local public health center in Gene
Major regulatory improvement tasks pushed by the Ministry of Food and Drug Safety (MFDS), such as simplifying clinical approval of artificial intelligence (AI)-based diagnostic software, are being deliberated by the National Assembly, drawing the industry’s attention.Following the selection of the T
VUNO, a medical artificial intelligence (AI) company, announced Wednesday that it will present results of its AI-based ECG analysis software at the American Heart Association 2023 (AHA 2023), which will be held from Saturday this week to Monday next week in Philadelphia, PA, the U.S.At AHA 2023, VUN