SEOUL, Oct. 22 (Korea Bizwire) — Samsung Biologics Co. said Tuesday it has signed a deal worth US$1.24 billion for contract manufacturing from an Asia-based biopharmaceutical firm. The deal will last until the end of 2037, the company said in a regulatory filing. Other details remained undisclosed under a confidentiality agreement. Samsung Biologics said the [...]
SEOUL, Oct. 21 (Korea Bizwire) — The health ministry said Monday it plans to co-host an annual biotechnology convention next month with the World Health Organization, bringing experts together to discuss strategies for a stable global health care supply chain. Under the theme “Future investment for a healthy and secure decade,” the World Bio Summit [...]
SEOUL, Oct. 7 (Korea Bizwire) – In an era of rapid technological advancement, South Korean medical professionals are increasingly turning to digital therapeutics and so-called “electronic medicine” to treat and manage various health conditions without traditional pharmaceuticals. Last month, Dr. Kang Dong-wha, a neurologist at Seoul Asan Hospital, prescribed a digital therapeutic device called VIVID Brain to [...]
SEOUL, Oct. 2 (Korea Bizwire) – In a bold move towards personalized healthcare, the South Korean government has embarked on a large-scale initiative to build a national biodata bank, aiming to usher in an era of precision medicine. The project, launched in April, seeks to collect and integrate genetic information, clinical data, and lifestyle habits from [...]
SEOUL, Oct. 2 (Korea Bizwire) – In South Korea, prescriptions for methylphenidate, a medication used to treat Attention Deficit Hyperactivity Disorder (ADHD), have skyrocketed in the first half of this year, nearly matching the total number of patients prescribed the drug in all of 2023. This surge comes amid growing misconceptions about the drug as a [...]
SEOUL, Oct. 2 (Korea Bizwire) — SK bioscience Co., a biopharmaceutical arm of South Korea’s SK Group, said Wednesday it has completed its acquisition of a controlling stake in the German biotech company IDT Biologika. In June, the Korean company agreed to take over a 60 percent stake in IDT Biologika from Klocke Group for [...]
SEOUL, Sept. 30 (Korea Bizwire) – In the pharmaceutical industry, glass bottles continue to play a significant role in packaging both over-the-counter and prescription medications, despite ongoing challenges with breakage and contamination risks. While glass containers are prized for their ability to preserve drug integrity, their fragility has prompted pharmaceutical companies to seek alternative solutions, including [...]
SEOUL, Sept. 20 (Korea Bizwire) – In a breakthrough that could revolutionize the treatment of neurological disorders, South Korean researchers have developed technology that tailors electronic stimulation to individual brain patterns, potentially offering new hope for patients with drug-resistant conditions. The Institute for Basic Science (IBS) announced on September 19 that a team led by researchers [...]
SEOUL, Sept. 2 (Korea Bizwire) — Samsung Medison Co., a medical equipment unit of Samsung Electronics Co., said Monday it has completed the acquisition of the French artificial intelligence medtech startup Sonio, as part of its effort to expand its AI-powered health care solution business. The Korean company acquired 100 percent of Sonio on Friday, [...]
SEOUL, Aug. 28 (Korea Bizwire) – The South Korean government has announced plans to grant private sector access to biodata held by public research institutions starting next year, in a move to bolster the country’s public biodata platform. The Ministry of Science and ICT disclosed this initiative on August 28 following the third regular meeting of [...]