Neurophet said Tuesday it has successfully secured 20 billion won ($15.3 million) in Series C investment in recognition of its brain image analysis technology and future growth potential.A total of 10 domestic institutional investors, including KB Securities, participated in this Series C investment
Olympus Korea said it has launched its latest laparoscopy system, VISERA ELITE III.The new product combines 3D and 4K imaging, offering various features to enhance minimally invasive procedures like laparoscopic colectomy and laparoscopic cholecystectomy. It finds application in multiple medical spe
Curiox Biosystems, a Korean cell analysis process automation platform company, announced Thursday that it has signed a contract with Hunan Deshengyuan Biotechnology, a Chinese biomedical device distributor, to supply 70 units of its next-generation automated cell washing product, AUTO-CX1000, over t
Illumina said it has unveiled an infographic titled "The Evolution of Illumina and Genomics" to celebrate its 25th anniversary. This infographic highlights the company's significant achievements and contributions to the field of genomics.Since its inception in 1998, Illumina has provided insights in
JVM said Thursday that its cumulative sales in the first three quarters increased 10.3 percent year-on-year to 113.2 billion won ($83.5 million), expecting annual sales to surpass 150 billion won.JVM, an automated medication dispensing and packaging company, is a subsidiary of Hanmi Science, the hol
Lunit said it has signed a research collaboration agreement with the University of Texas MD Anderson Cancer Center to analyze the use of MSD’s immunotherapy Keytruda (pembrolizumab) in multiple cancer types.Under the accord, Lunit and MD Anderson will use Lunit SCOPE IO, Lunit’s proprietary AI solut
Coreline Soft, a Korean medical artificial intelligence (AI) company listed on Kosdaq, said on Thursday that it signed a supply agreement with Meridian Healthcare LLC (MHC), a healthcare services firm based in Dubai, the UAE, for its AI solution AVIEW.Coreline Soft will supply nine AVIEW products to
Lunit said it has become the first Korean company to participate in the Saudi Vision 2030 Healthcare Sandbox.The Healthcare Sandbox, initiated by the Saudi Arabian Ministry of Health in line with the Saudi Vision 2030 strategy, is designed to facilitate the digital transformation of the country's he
EDGC (Eone Diagnomics Genome Center) said has successfully completed its acquisition of GDXLab, a CLIA (Clinical Laboratory Improvement Amendments) certified lab located in the southern part of Denver, Colorado.The company believes that the acquisition is set to amplify EDGC's drive into the North A
Kakao Healthcare said it has entered into a business partnership with C&R Research, the country's first contract research organization (CRO), to conduct global clinical trials jointly.The partnership will combine the medical big data platform and artificial intelligence technologies of Kakao Healthc
IMBdx, a Korean company specialized in early cancer diagnostics, showcased its cancer diagnostic technology, the AlphaLiquid Platform, and shared its future vision for precision medicine and cancer diagnostics during a press conference in Seoul on Wednesday.IMBdx is developing a liquid biopsy techno
Generative AI refers to AI that generates results based on the user's specific needs. It generates various contents such as novels, poems, images, videos, coding, and art by learning from data sources.A typical example is ChatGPT, which provides detailed answers just by simply jotting down questions
Samsung Medison will showcase its AI-based diagnostic aids at the 33rd annual congress of the International Society of Ultrasound in Obstetrics & Gynecology (ISUOG 2023), at COEX, southern Seoul, from Oct. 17 to 19.ISUOG, one of the most important societies in the ultrasound in obstetrics and gyneco
Genome Insight, a whole genome sequencing (WGS) company located in San Diego, unveiled its groundbreaking research findings in collaboration with Seoul National University Hospital (SNUH) and Asan Medical Center (AMC) at the 2023 NORD (Rare Disease & Orphan Products Breakthrough Summit).During the o
Korean individuals with type 1 diabetes are pushing back against the decision to suspend the domestic sales of EOPatch, a wearable insulin pump product made by EOFlow embroiled in a patent suit in the U.S.A patient organization has filed an amicus brief with a U.S. court seeking to overturn the ban.
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
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
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
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
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