LG Group has decided to embark on joint AI research and development with The Jackson Laboratory, a world-renowned genome research institution based in the United States, to unlock the secrets of Alzheimer’s disease and cancer.LG AI Research and The Jackson Laboratory have signed a recent contract fo
Lee Woong-yeol, the honorary chairman of Kolon Group, along with the corporation itself, have been indicted on charges related to the tampering of the ingredient of Invossa Injection, a treatment for osteoarthritis. The first trial is anticipated to conclude in the first half of the year, with a dec
The U.S. International Trade Commission (ITC) has rejected a summary judgment application by Hugel, which had asserted that there was no dispute in its ongoing legal battle with Medytox over the source of a botulinum toxin strain.According to industry sources on Feb. 1, the ITC’s decision to deny Hu
Goldman Sachs Asset Management today announced the final close of West Street Life Sciences I, representing the first fund in the firm’s Life Sciences Investing strategy. Life Sciences I closed above its fundraising target, with $650 million in equity commitments from a global, diverse group of inst
Guardant Health, Inc. (Nasdaq: GH), a leading precision oncology company, announced that it has launched its blood-based colorectal cancer screening test, ShieldTM, in collaboration with Samsung Medical Center in South Korea.Colorectal cancer (CRC) is one of the most commonly diagnosed cancers and t
Kwangdong Pharmaceutical announced on July 24 that it has signed an exclusive domestic sales and distribution contract with Italy’s rare disease drug specialist Chiesi.As a result, Kwangdong Pharmaceutical now holds the exclusive domestic sales and distribution rights for three of Chiesi’s rare dise
The Korea Advanced Institute of Science and Technology (KAIST) announced on May 8 that a KAIST research team led by Professor Jung In-kyung of the School of Life Sciences has created the world’s first single-cell three-dimensional epigenome map of Parkinson’s disease-onset brain tissue and proposed
bereum, a company specializing in heat-killed lactic acid bacteria postbiotics, and Dx&Vx, a bio-health care company, signed an MOU on April 5th. Through this agreement, the two companies plan to target the microbiome market by conducting joint research, such as analyzing not only lactic acid bacter
JW Pharmaceutical announced on Oct. 31 that it will make a poster presentation on the results of a preclinical study on JW0061, a Wnt target hair loss treatment, at Wnt 2022, a conference to be held in Japan for five days from Nov. 15.Wnt is an acronym in the field of genetics that stands for 'W
SK Inc.’s pharmaceutical and bio business is growing fast through a steady localization strategy. The company plans to expand its contract development and manufacturing organization (CDMO) business to cover cell and gene therapies (CGTs).SK Pharmteco, a CDMO subsidiary of SK Inc., is expected to rac
EOFlow Co., a provider of wearable drug delivery systems (DDS), announced on Oct. 24 that it would invest 36.9 billion won in its U.S. subsidiary EOFlow, Inc.The majority of this investment in EOFlow, Inc., approximately 31 billion won, will be used for collecting loans given by EOFlow to its U.S. s
Chong Kun Dang has entered the cell and gene therapy market in earnest. The drugmaker opened a gene therapy research center on Sept. 27 and unveiled a plan to strengthen open innovation with domestic and foreign companies.The new research center is dubbed "Gen2C," which stands for "Gene to Cure." Th
Amorepacific will take over Tata Harper, a luxury clean beauty brand in the United States.Amorepacific announced on Aug. 1 that it would acquire a 100 percent stake in Tata's Natural Alchemy, the operating company of the Tata Harper skin product brand. Amorepacific raised about 168.1 billion won
LG Chem’s new drug for treating genetic obesity has received additional orphan drug designation (ODD) by the U.S. FDA.LG Chem announced on June 16 that the FDA recently gave ODD for ‘LB54640’ to treat ‘POMC (Proopiomelanocortin) deficiency.’LB54640 also received ODD back in September 2020 by the FDA
The Daegu Gyeongbuk Institute of Science and Technology (DGIST) announced on April 14 that its research team led by professor Yoo Sung-woon figured out why microglial cells are over-activated in relation to Alzheimer’s disease and discovered an anti-dementia drug candidate with which memory can be r
HanAll Biopharma and Daewoong Pharmaceutical announced on April 11 an expansion of their open collaboration strategy by investing in Turn Biotechnologies, a Silicon Valley based company focused on developing novel mRNA medicines. The companies are supporting Turn Bio’s continued development of a hig
Cell-gene therapeutics (CGTs) are emerging in the biotech industry and an increasing number of companies are focusing on the market segment.The Life Science Fund of Samsung recently decided to invest in Jaguar Gene Therapy. In the biotech fund, Samsung C&T, Samsung Biologics and Samsung Venture Inve
The Korea Advanced Institute of Science and Technology (KAIST) announced on Feb. 23 that its research team led by professor Jung Jae-sung has developed a brain-machine interface system for controlling a robot arm simply by thinking.According to the team, the system employs artificial intelligence an
The Institute for Basic Science (IBS) and the Ulsan National Institute of Science and Technology (UNIST) announced on Feb. 23 that they have developed Cindela, a side effect-free treatment technique applicable to every cancer without damage to normal cells. Details of the research have been publishe
LG Household & Health Care announced on Feb. 22 that it has discovered seven genes involved in Koreans’ skin pigmentation. The company plans to apply this discovery to the development of customized whitening cosmetics.The company's research institute has built big data on the skin characteristic