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The Korea Times

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Bio

Wed, March 29, 2023 | 07:25

Korea to invest $222.9 million in bio RD projects in 2023

Korea to invest $222.9 million in bio RD projects in 2023

Korea will extend 274.6 billion won ($222.9 million) for research and development in the bio industry this year, the industry ministry said Friday.

2023-01-20 10:35

S. Korea seeks to attract $500 mil. in investment from two European bio firms

S. Korea seeks to attract $500 mil. in investment from two European bio firms

South Korea's Industry Minister Lee Chang-yang met with top executives of Germany's Merck Life Science and Switzerland-based Novartis on Thursday in Davos, Switzerland, to discuss their potential investment in South Korea worth $500 million combined, his office said.

2023-01-19 20:22

SK Biopharmaceuticals to unveil wearable devices at CES 2023

SK Biopharmaceuticals to unveil wearable devices at CES 2023

SK Biopharmaceuticals will unveil its wearable healthcare devices at the upcoming Consumer Electronics Show (CES) next month as part of its plan to advance into the digital healthcare business, its head of R&D said Wednesday. “The bio industry is changing by converging with ICT. We believe there will be a patient-centric period in the bio industry and we will try to lead the ...

Baek Byung-yeul | 2022-12-14 16:35

CHA Vaccine Institute to develop mixed vaccine for COVID-19, influenza

CHA Vaccine Institute to develop mixed vaccine for COVID-19, influenza

CHA Vaccine Institute is developing a mixed vaccine that can offer protection against both COVID-19 and influenza as part of its efforts to prevent multiple diseases with a single dose, the biotech company said Tuesday. The company said it has been developing the mixed vaccine using its own immunity-enhancing platform, L-pampo, to increase immunity against both COVID-19 and i...

2022-12-13 17:08

Gov't seeks to accelerate innovation in bio industry with AI, big data

Gov't seeks to accelerate innovation in bio industry with AI, big data

The government has unveiled a plan to speed up innovation in the biopharmaceutical industry by introducing advanced digital technologies such as artificial intelligence and big data, according to the Ministry of Science and ICT, Wednesday.

Kim Jae-heun | 2022-12-07 16:25

Seegene struggles to stay afloat as pandemic ebbs

Seegene struggles to stay afloat as pandemic ebbs

Seegene, which had enjoyed the soaring popularity of its COVID-19 PCR test kits, has been struggling to stay afloat as the pandemic has been ebbing, according to industry analysts, Monday. They said the time has passed for Seegene to enjoy high growth as the number of COVID-19 infections has gradually declined globally and much of the world is shifting to endemic mode.

Baek Byung-yeul | 2022-11-14 16:51

'Agility, digitalization are key edges of Samsung Biologics'

'Agility, digitalization are key edges of Samsung Biologics'

FRANKFURT - Samsung Biologics has been increasing its presence in the global contract development and manufacturing organization (CDMO) business, generating larger revenues than market expectations this year. Such growth was possible thanks to its agile response to improve production capacity and achieving a digital transformation, according to its executives, Tuesday.

Baek Byung-yeul | 2022-11-07 14:11

Yuyu Pharma aims to grow bigger with dry eye, hair loss drugs

Yuyu Pharma aims to grow bigger with dry eye, hair loss drugs

FRANKFURT - Robert Yu, president and CEO of Yuyu Pharma, said Wednesday that his mission is to make the company comparable to prominent biopharmaceutical companies in the world. To that end, he said the Korean company is actively diversifying its portfolio by developing new drugs such as a dry eye treatment as well as hair loss medication.

Baek Byung-yeul | 2022-11-06 11:51

Contract manufacturing emerges as new opportunity for Korean bio firms

Contract manufacturing emerges as new opportunity for Korean bio firms

FRANKFURT - The CPHI exhibition has become a place for finding new growth engines for Yungjin Pharm, Daewon Pharmaceutical, Kyongbo Pharm and other small Korean bio companies as they actively try to attract new clients for their contract manufacturing organization (CMO) business, according to the companies, Wednesday.

Baek Byung-yeul | 2022-11-03 16:09

New CEO vows to make SK pharmteco leading CDMO player

New CEO vows to make SK pharmteco leading CDMO player

FRANKFURT - Joerg Ahlgrimm, the new CEO of SK pharmteco, vowed Tuesday that his goal as a chief executive is to make the SK Group's contract development and manufacturing organization (CDMO) company one of the best players in the global cell and gene therapy (CGT) CDMO business. “We have technological leadership in the CDMO field and my goal is to create a significant competi...

Baek Byung-yeul | 2022-11-02 16:45

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