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Home » Authors » Jihyun Kim

Articles by Jihyun Kim

Japanese flag

Japan’s medical device price cut set to be smaller in 2020

March 4, 2020
By Jihyun Kim
HONG KONG – Japan cuts medical device prices every two years to manage increasing health care costs. This year, the biennial medical device price cut will take effect beginning on April 1, 2020.
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Hand holding money plant

MBD and Azothbio partner for rare cancer drug using AI modeling technology

March 3, 2020
By Jihyun Kim
HONG KONG – MBD Co. Ltd. and Azothbio Inc., both based in South Korea, have entered an agreement for rare cancer drug development using an AI-powered drug discovery platform.
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Fujifilm stock rises as Japan considers Avigan for COVID-19 treatment

Feb. 25, 2020
By Jihyun Kim
HONG KONG – Fujifilm Holdings Corp. stock (TYO:4901) jumped 8.8% to ¥5,890 (US$53.48) on Feb. 25, as Japan considers using Avigan (favipiravir), an anti-influenza medication developed by the company’s Toyama Chemical Co. Ltd., to treat COVID-19. The share price ended the day at ¥5,567, for a gain of 2.83%.
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Kaipharm secures $4.2M in series A funding for drug-induced transcriptome database

Feb. 18, 2020
By Jihyun Kim
HONG KONG – South Korea’s AI-based biotech venture, Kaipharm Co. Ltd. has secured ₩5 billion (US$4.22 million) in series A funding. Founded in 2018, the firm has attracted a total of ₩7 billion in investments. Kaipharm will generate a reference dataset of 2,000 drugs (KMAP_2K) using next-generation sequencing (NGS). The dataset will include all the FDA-approved drugs to date.
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South Korean won

South Korea’s VCs invested a record high $930M in bio and medical ventures last year

Feb. 18, 2020
By Jihyun Kim
HONG KONG – South Korea’s venture capital investment in the biopharma and medical sector set a new record in 2019. According to Korea Venture Capital Association (KVCA), local VC firms invested ₩1.1 trillion (US$930 million) over a total of 299 bio and medical ventures last year, representing 25.8% of the total VC investment executed in 2019.
Read More
South Korean won

South Korea’s VCs invested a record high $930M in bio and medical ventures last year

Feb. 18, 2020
By Jihyun Kim
HONG KONG – South Korea’s venture capital investment in the biopharma and medical sector set a new record in 2019. According to Korea Venture Capital Association (KVCA), local VC firms invested ₩1.1 trillion (US$930 million) over a total of 299 bio and medical ventures last year, representing 25.8% of the total VC investment executed in 2019.
Read More
South Korean won

South Korea’s VCs invested a record high $930M in bio and medical ventures last year

Feb. 14, 2020
By Jihyun Kim
HONG KONG – South Korea’s venture capital investment in the biopharma and medical sector set a new record in 2019. According to Korea Venture Capital Association (KVCA), local VC firms invested ₩1.1 trillion (US$930 million) over a total of 299 bio and medical ventures last year, representing 25.8% of the total VC investment executed in 2019.
Read More
Japan flag doctor

Japan’s drug repricing plan to hit some top sellers

Feb. 4, 2020
By Jihyun Kim
HONG KONG – Aiming to increase the financial stability of the national health care insurance system, Japan has announced a list of 17 drugs for which prices will be reduced. The country’s Central Social Insurance Medical Council, an advisory group from the Ministry of Health, Labour and Welfare (MHLW), approved the drug repricing system on Jan. 22.
Read More
South Korean won
Newco News

Novelty Nobility attracts $9M in series A funding for NN2101 GLP tox studies

Feb. 4, 2020
By Jihyun Kim
HONG KONG – South Korean biotech Novelty Nobility Inc. has attracted ₩10 billion (US$9 million) in series A funding to develop therapeutic antibodies inhibiting the stem cell factor (SCF)/c-KIT pathway.
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Japan’s drug repricing plan to hit some top sellers

Feb. 3, 2020
By Jihyun Kim
HONG KONG – Aiming to increase the financial stability of the national health care insurance system, Japan has announced a list of 17 drugs for which prices will be reduced.
Read More
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