SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the company’s CEO, Jaeyong Ahn presented methods for equitable access of vaccine in the world at the Regionalized Vaccine Manufacturing Collaborative (RVMC) Side
The United Arab Emirates (UAE), which pledged US$30 billion in investment in Korea during a bilateral summit in January, has set out to make that investment in Korea. It is reviewing investment opportunities worth US$2 billion in Korea, focusing on priority investment cooperation areas such as energ
The author is an analyst for NH Investment & Securities. He can be reached at seungyeon.han@nhqv.com -- Ed.We expect HanAll Biopharma to showcase a new royalty revenue business model within the Korea biotech industry. The firm is to generate large-scale global royalty revenue by developing next-gene
Samsung Electronics Chairman Lee Jae-yong met with global CEOs of big pharmaceutical companies and bio-venture startup incubation companies in the eastern United States, the world’s largest bio-cluster, to lay the groundwork for the success of Samsung’s biotech business.According to Samsung Electron
Germany's Merck Life Sciences will set up an Asia-Pacific production facility for biopharmaceutical raw materials and parts in Daejeon, Korea.Merck Life Sciences announced on May 3 that it has signed a memorandum of understanding (MOU) with the Ministry of Trade, Industry and Energy and Daejeon
Seo Jung-jin, the head of biotech company Celltrion Group and one of South Korea’s richest persons, is reported to have children out of wedlock. He recently registered two additional children after a paternity claim.With the emergence of Seo’s two extramarital children, changes may be made in Celltr
Daewoong Pharmaceutical announced that it signed an agreement to license its autoimmune disease drug candidate DWP213388 to Vitalli Bio, a subsidiary of Aditum Bio, a U.S. biotech investment company, at the Korea-U.S. Digital and Bio-health Business Forum held in Boston, the United States, on April
Korean Minister of Economy and Finance Chu Kyung-ho held a bilateral meeting with Japanese Finance Minister Shunichi Suzuki following a meeting of finance ministers and central bank governors from Korea, China, and Japan. This was the first bilateral meeting between the finance ministers of Korea an
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.Earnings at Samsung C&T have leveled up thanks to stable earnings at the construction division, brisk growth at the bio division, and the fading of Covid-19 effects. Based on this, Samsung C&T ha
Samsung Electronics Chairman Lee Jae-yong is finalizing the schedule to meet Apple CEO Tim Cook and Google CEO Sundar Pichai during his visit to Silicon Valley during a business trip to the United States that will last until mid-May. It is analyzed for the purpose of envisioning Samsung’s future bus
A U.S.-South Korea summit is scheduled for April 26 and the heads of 122 South Korean enterprises and organizations are expected to join as economic delegation members.According to the Federation of Korean Industries, the members include Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman C
On April 13, POSCO International announced a new vision for the first time after its integration with POSCO Energy at the Songdo Convensia in Incheon. Under the vision of Green Energy & Global Business Pioneer, the company aims to increase its current market capitalization from 3.8 trillion won to 2
Technology exports from the domestic pharmaceutical and biotech sector totaled eight cases in the first quarter of this year. The scale of the five open contracts is 2.169 trillion won (US$1.643 billion). In the first quarter of last year, the figures were six and 2.174 trillion won (US$1.647 billio
The European Patent Office announced on March 28 that South Korean enterprises’ patent applications in Europe increased 10 percent to 10,367 last year. The number topped 10,000 for the first time and the rate of increase was second only to that of Chinese enterprises (15.1 percent).U.S. enterprises’
South Korea, China, and Japan are accelerating the growth and development of their pharmaceutical and biotech industries. South Korea’s third five-year national plan to that end was announced on March 24 and China’s first long-term national plan in the sector was announced in May last year.Japan’s p
The Ministry of Trade, Industry and Energy announced on March 16 that South Korea and the UAE had a business roundtable in the UAE and US$2 billion worth of a contract and MOUs were signed there.Specifically, the contract pertains to national defense and the five MOUs are related to information and
TiumBio Co., an R&D-focused clinical-stage biotechnology company based in South Korea, today announced the publication of two posters that will be presented during the upcoming 2023 American Association for Cancer Research Annual Meeting (AACR 2023), taking place from April 14th in Orlando, Florida.
Tium Bio announced on March 13 that it will attend 2023 Bio Europe.2023 Bio Europe Spring is the largest pharmaceutical and bio industry partnering event in Europe. It will be held offline in Basel, Switzerland from March 20 to 22 and an online meeting is scheduled from March 28 to 30 after the offl
SK Plasma announced on March 8 that it received final approval for the construction of a plasma fractionation plant from the Ministry of Health of Indonesia.This export is a result of collaboration between the Ministry of Health and Welfare of Korea and the Korean Embassy in Indonesia since 2019. It
SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, and the International Vaccine Institute (IVI) have jointly announced Profs. Andrew Pollard and Sarah Gilbert and Drs. Rino Rappuoli and Mariagrazia Pizza as two groups of co-re