On March 22 (local time), Spectrum, a partner of Hanmi Pharmaceutical, explained market reactions to Rolvedon launched in the United States last year in a press release about the fourth quarter of 2022.Spectrum posted US$10.114 million in Rolvedon sales as of Dec. 31 last year. It plans to continue
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed.Dental implant exports climbed 6% y-y in January, showing disappointing results towards China but reconfirming a growth trajectory in early-February. We draw attention to the particularly robust growt
The authors are analysts of Shinhan Securities. They can be reached at jhwon@shinhan.com and snowKH@shinhan.com, respectively. -- Ed.4Q22 review: Earnings in line with market consensusJeisys Medical posted consolidated operating profit of KRW9.1bn (+35.9% YoY, operating margin of 28.6%) on sales of
SK Inc. C&C, an ICT company providing comprehensive digital solutions, has signed a memorandum of understanding (MOU) with Microsoft Korea to promote its digital healthcare solutions in the global market.Under the agreement, SK Inc. C&C's Medical Insight Plus Brain Hemorrhage will become a strat
The Incheon Free Economic Zone (IFEZ) used to be an island, sea, tidal flat, and reclaimed land, but now it has been transformed into an ultra-modern city with sky-high skyscrapers and a population of 410,000. After being designated as Korea's first free economic zone in 2003, a great change has
SK bioscience introduced a new global partnership model at the Riyadh Global Medical Biotechnology Summit 2023 (RGBMS 2023), which took place from Jan. 25-26 at Hilton Riyadh Hotel in Riyadh, Saudi Arabia.The company's president Ahn Jae-yong shared the successful development history of Korea'
LG Chem has completed its acquisition of AVEO Oncology, a U.S. biopharmaceutical company focused on oncology, in an all-cash transaction with an implied equity value of US$571M on a fully diluted basis, the company announced on Jan. 19.“We are excited to complete LG Chem’s acquisition of AVEO, which
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com. -- Ed. Having developed VR content in the domestic game market for over 10 years, SKonec boasts the heftiest VR game track record among Korean players. With global IT companies now starting to laun
The authors are analysts of Shinhan Securities. They can be reached at jhwon@shinhan.com and snowKH@shinhan.com, respectively. -- Ed.4Q22 preview: Earnings to come in line with consensusWe now expect PharmaResearch to post consolidated operating profit of KRW18.9bn (+49.5% YoY, operating margin of 3
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed.Dental implant monthly exports hit new record heights in December. Expectations toward exports this year are strengthening thanks both to the elimination of uncertainties in China’s VBP and demand gro
POSCO International will establish a palm refinery in Indonesia as part of its efforts to transform into a general business company covering energy, food, and eco-friendly parts.The company announced on Jan. 10 that it has recently decided to enter the palm oil refining business in Indonesia. It wil
Coway Co. announced on Jan. 9 that its Seoul-based R&D center, the Environmental Technology Research Institute, has obtained accreditation as a designated testing laboratory from TÜV SÜD Korea.TÜV SÜD is one of the leading providers of testing, inspection, and certification (TIC) services worldwide
EOFlow Co., a provider of wearable drug delivery systems (DDS), announced on Jan. 9 that it received a GMP (Good Manufacturing Practice) certification from Korean Ministry of Food and Drug Safety (K-MFDS) on its Gonjiam facility.Gonjiam facility is equipped with semi-automated manufacturing lines th
Nova One Advisor said in its recent report that the global biotech market would grow from US$1 trillion in 2021 to US$3.88 trillion in 2030. Fortune Business Insights recently said that the global medical hardware industry would grow from US$490 billion in 2021 to US$720 billion in 2029.According to
Samyang Corp., a chemical and food affiliate of Samyang Group, announced on Dec. 28 that it has developed Korea’s first eco-friendly polycarbonate (PC) with the post-consumer recycled polycarbonate (PCR PC) content above 90 percent.PC is an engineering plastic that is transparent and resistant to im
LifeSemantics, a Korean company specializing in digital therapeutics (DTx), will unveil Redpill Breath, a digital therapeutics (DTx) for patients requiring pulmonary rehabilitation, at CES 2023, which will be held in Las Vegas in January 2023.LifeSemantics will participate in the Digital Healthcare
The Ministry of SMEs and Startups announced on Dec. 7 that domestic startup investments totaled 1.2525 trillion won in the third quarter, down 40 percent from a year ago.The ongoing global recession and rapid interest rate hikes are likely to continue to exacerbate the conditions. In a recent survey
K-CAB, a new drug within the P-CAB category developed by HK inno.N for the treatment of GERD, has a 27 percent lower risk of hepatotoxicity compared with other treatments, HK inno.N said, citing a study conducted by a Korean scholar.The study, undertaken by Professor Kim Jeong-seung of the Ear, Nose
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. We believe that Hanwha General Insurance (HGI)’s capital impairment issue, the most burdensome factor facing the firm in 2022, has almost been resolved.Improvement in earnings fundamentals to continu
Daewoo Engineering & Construction (E&C) announced on Nov. 24 that Chung Won-joo, vice chairman of Jungheung Group, the builder's parent company, paid a courtesy visit to Kenyan President William Ruto and exchanged opinions on nuclear power generation, renewable energy and infrastructure developm