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The Korea Times

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Fri, June 9, 2023 | 10:25

Will Medytox's legal win over Daewoong deal blow to Hugel?

Will Medytox's legal win over Daewoong deal blow to Hugel?

Medytox's legal win over Daewoong Pharmaceutical is expected to shake up the local botulinum toxin (BTX) market, as Medytox, Korea's first Botox developer, is also embroiled in a legal tussle with another competitor, Hugel in the United States, over the BTX strain used to manufacture the cosmetics treatment, according to the companies, Monday. On Friday, the Seoul District Co...

Baek Byung-yeul | 2023-02-13 16:45

Medytox wins botulinum toxin patent suit against Daewoong

Medytox wins botulinum toxin patent suit against Daewoong

Medytox won a lawsuit against Daewoong Pharmaceutical on Friday over a botulinum toxin (BTX or Botox) patent. The two companies had locked horns over the origin of BTX strain used to manufacture the cosmetic treatment. “Daewoong Pharmaceutical's Nabota was developed by stealing Medytox's botulinum toxin strains and manufacturing process,” the Seoul Central District Court said...

Baek Byung-yeul | 2023-02-12 16:29

HLB's anticancer drug wins approval in China

HLB's anticancer drug wins approval in China

HLB's anticancer drug Rivoceranib was approved to be used for first-line treatment for liver cancer in China, the Korean biotech company said Thursday. The company said China's National Medical Products Administration (NMPA) approved the combination therapy of Rivoceranib and Camrelizumab, an anticancer drug of China's Jiangsu Hengrui Medicine, as a first-line treatment for l...

Baek Byung-yeul | 2023-02-02 16:44

SK Bioscience recruits experts for global expansion

SK Bioscience recruits experts for global expansion

SK Bioscience, developer of SKYCovione, Korea's first COVID-19 vaccine, has recruited renowned executives who have worked for global biopharmaceutical companies as part of its efforts to advance into the global market and diversify, according to the company, Friday. The company said it appointed Richard Kensinger as vice president of R&D project management at its U.S. branch,...

Baek Byung-yeul | 2023-01-20 14:40

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

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