Aprogen has joined a race to take over a current good manufacturing practice (cGMP) production facility in North Carolina of the United States. The move reflects its strategy to quickly advance into the U.S. market in response to U.S. President Joe Biden’s policy to favor U.S.-made biotech products.
JW Group announced on Nov. 1 that it has signed a joint research contract with KURE.AI Therapeutics, a U.S. biotech venture company, to develop innovative anticancer therapies based on artificial intelligence (AI).Under this contract, JW Pharmaceutical and JW CreaGene will start R&D activities for t
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
KT announced on Oct. 27 that Global AI Conference 2022 was successfully held online on Oct. 26. The conference was hosted by the AI Task Force (AI TF) of the Strategic Cooperation Framework Agreement (SCFA), a consultative body of the three key telecom operators in Korea, China and Japan -- KT of
During the Global MBB Forum 2022, David Wang, Huawei's executive director of the board and chairman of ICT Infrastructure Managing Board delivered a keynote speech titled Stride to 5.5G: The foundation of the future.Wang noted how the industry has made significant progress and is ready to make t
GS Group will take over Medit Corp., a Korean company that produces 3D dental scanners and solutions, for 3 trillion won, jointly with Carlyle Group of the United States.Medit specializes in 3D measurement and CAD/CAM solutions for dental clinics and labs, including intraoral scanners.GS Group is ag
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
SK bioscience announced on Oct 21 that it has hired Harry Kleanthous, senior program officer of the Bill & Melinda Gates Foundation, as vice president of vaccine R&D strategy and external innovation of SK bioscience USA, its U.S. subsidiary.Kleanthous has served as vice president of Acambis Inc., a
The authors are analysts of KB Securities. They can be reached at hyg0619@kbfg.com and hdsung@kbfg.com, respectively. -- Ed. Property to be acquired for new plant— On Oct 17, Yuil Robotics announced that it will acquire a KRW26.0bn property.— The acquisition is a massive investment, equivalent to 68
Korean electric vehicle (EV) battery makers are stepping up their efforts to reduce their reliance on raw materials from China. LG Energy Solution announced on Oct. 20 (local time) that it has signed an MOU with Syrah Resources Limited in Australia on the supply of natural graphite.The Australian co
LG Chem announced on Oct. 18 that it has decided to acquire AVEO Pharmaceuticals in the United States. The U.S. drugmaker has a patent on a kidney cancer treatment. This will mark the first time for a Korean company to take over a company that has developed a new drug approved by the U.S. Food and D
The South Korean government announced on Oct. 18 that it has increased the number of national key strategic technologies and techniques in the material, component and equipment industries from 100 to 150.In 2019, the Japanese government implemented export restrictions against South Korea in the semi
Shinhan Financial Group announced on Oct. 14 that MUST. CONNECT SINGAPORE took place at the Singapore Science Park on Oct. 12 and 13.The event is for startup networking promotion between South Korea and Singapore and is organized by the group, the Ministry of Trade, Industry and Energy and the Inche
The author is an analyst of KB Securities. He can be reached at kimtaehee@kbfg.com. -- Ed. Maintain BUY, target price of KRW1,200,000 We maintain BUY and TP of KRW1,200,000 on Samsung Biologics. The stock deserves attention because (1) 3Q22 earnings should beat the market consensus, (2) growth momen
SK Bioscience has decided to incorporate a subsidiary in the United States, a move designed to accelerate innovation and growth and to secure a biotech production base in the U.S.The decision to set up SK Bioscience USA was made on Oct. 1. Kim Hoon, SK Bioscience’s chief technology officer (CTO), wi
SK Inc., the holding company of SK Group, is increasing domestic production in order to increase its presence in the global pharmaceutical contract development and manufacturing (CDM) market.SK Biotek announced on Oct. 4 that its new facilities in Sejong City were put into operation last month. SK B
Huawei and Dronetech, Austria's largest drone service provider, announced on Oct. 5 new applications resulting from their collaboration in 5G smart farming.At the Nussböckgut vineyard, a centuries-old estate in Upper Austria that was first mentioned in a document in 1323, the two companies provi
The Korea Exchange announced on Oct. 3 that the average daily short selling in KOSPI was 490.6551 billion won last month, up 40.46 percent from the previous month. In this market, the number of stocks showing excessive short selling was six in August but doubled in September, when the average daily
Samsung Electronics has unveiled its plans to introduce the 2-nm foundry process in 2025 and 1.4-nm process in 2027.The company announced a strengthened business strategy for its foundry business at the annual Samsung Foundry Forum event held in San Jose, California, on Oct. 3 (local time).Samsung h