On November 24th, the Ministry of Health and Welfare announced plans to invest over KRW 250 billion in the field of biotech health through K-Bio and Vaccine Funds, managed by Yuanta Investment, Premier Partners, InterVest, and Korea Investment Partners, starting in 2024. The funds, with a total size of KRW 2,616.3 billion, are scheduled to […]

Apollomics Inc., an innovative biopharmaceutical company, has listed on Nasdaq through a SPAC merger with Maxpro Capital Acquisition Corp. Apollomics is now traded under the symbol APLM, with an issue price of $10.00/share and an opening price of $18.60/share, up by 172% at closing price on the first day, representing a market cap of $2.6 […]

SwipeRx’s plan to expand its Business (B2B) commerce platform for the pharmaceutical industry in key markets in Southeast Asia received a boost after it earned additional funding of $10 million from its Series B2 round. This round saw the participation of marquee investors such as global pharma Sanofi’s Global Health Unit and Cercano Management (formerly […]

POC Pharma, a B2B service SaaS, raised a $10.3-million Series A funding round led by Alven, along with co-investment from seed investors Picus Capital, FEBE Ventures, and FJ Labs who have doubled down their investments. The funds will be used to accelerate the roll-out of its digital go-to-market solutions for the Pharmaceutical Industry in emerging […]

Vietnam-based startup BuyMed has raised US$8.8 million in a new funding round led by Smilegate Investment, a South Korean venture capital and private equity firm. The funding round also saw participation from other investors such as Cocoon Capital and Nextrans. BuyMed is popularly known as Thuocsi in Vietnam. The startup is a business-to-business (B2B) healthcare […]

Mumbai based Healthtech startup PharmEasy has entered the Unicorn Club in 2021. The company is valued at $1.5 Billion. Under the banner of its parent company API Holdings, PharmEasy’s success could not come at a better time, when the healthcare industry is being disrupted in a way that favours online companies amidst the ongoing pandemic. […]

South Korea’s GenBody Inc had started the process of exporting about 6.2 million Covid-19 rapid test kits to 15 countries.

A South Korean company has developed a simple tester that could detect if a person is infected with coronavirus disease 2019 (COVID 19) in just 10 minutes.