DM Bio, Huneed Technologies, Otis, and Autonics
DM Bio Signs an MOU with Alteogen for Production and Supply of Biosimilars
DM Bio signed an MOU with Alteogen Inc. for the production and supply of biosimilars. Under the MOU, the two companies will work together to produce and supply trial samples for the 3rd phase of clinical trials for ALT-L9, a biosimilar of Eylea, currently being developed by Alteogen, along with commercial products following the development process’ completion.
Eylea is a macular degeneration medication developed by Germany’s Bayer. Its global market share amounted to USD 6.5 billion last year. Alteogen is carrying out clinical trials after being approved by the Ministry of Food and Drug Safety in May 2019 for the 1st phase of trials in Korea, and it is now in preparations for the 3rd phase. Samples for the 1st phase of trials were also produced and supplied by DM Bio.
DM Bio, based in Songdo International City, was established by Dong-a Socio Group in partnership with Japan’s Meiji Seika Pharma and specializes in biosimilars. It runs an 8,000-liter production facility for cGMP-level antibody biopharmaceuticals. Its production facilities have recently been approved by Japan’s PMDA (Pharmaceuticals and Medical Devices Agency) for GMP suitability. DM Bio is focusing not only on biosimilars co-developed by the two companies but also on the CDMO business that covers consignment production and process development.
DM Bio has been expanding its CDMO business in biopharmaceuticals based on its cGMP-level production facilities. The company aims to produce and supply high-quality biopharmaceuticals for advanced markets that include the US, Europe, and Japan, and it strives to become an outpost for Korean and foreign biopharmaceutical companies to expand their operations into global markets.
Huneed Technologies Launches Airplane Parts Business for Global Markets
Huneed Technologies began its development of in-flight wireless communication products by working with foreign partners. For this, it entered into strategic partnerships for the commercialization of LiFi technologies with France’s Latecoere, which is its key partner in global commercial airplane manufacturing, and Signify, a global LED company.
LiFi is a wireless communication technology that uses the wavelengths of light from LEDs and offers excellent capabilities for in-flight data access in terms of speed, delays, and safety. When applied to airplanes, LiFi systems can help save fuel by reducing the weight of the plane, as they rely less on in-flight electrical wiring and use fiber optic cable components.
Huneed Technologies Chairman & CEO Eugene Kim said, “We are very pleased that Latecoere has acknowledged Huneed Technologies for its communication technologies and manufacturing capabilities by entering into this partnership.” He added, “Our global collaboration with Signify for LiFi also represents a great opportunity that well serves our growth strategy to expand into the global commercial airplane market. We will take this opportunity to play a key role in the development of next-generation smart cabins for airplanes.”
Otis Unveils Link™ Escalators
Otis Elevator Korea released Link™, its new commercial escalator with upgraded quality, safety, reliance, and design. This new product features a compact, luxurious design with durable materials to meet the needs of different clients in a wide range of commercial facilities, including stores and offices. It maximizes the running time through smart and effective maintenance and offers upgraded safety functions that include a high-tech electronic safety system that activates the breaks once a problem is detected. With its highly efficient lubrication system, it requires 98% less lubricant compared to a manual lubrication system, and it is designed in a way that allows up to 90% of the materials used in its manufacturing to be reused.
Design Award for Industrial Safety Sensors
The Safety Light Curtain by Autonics, an industrial sensor and control device company, received the 2019 Trade, Industry and Energy Ministry Award for its design. With this latest award, Autonics has now received all of Korea’s three major design awards, which also include the PIN UP Design Awards and the K-Design Award. This Autonics product is designed to be installed at the entry of a source of danger at industrial sites in order to protect workers. It features indicator lamps at the top corner to make them more visible and has also received positive reviews for its safety and easy installation.