Newmed Selected as an Innovative Growth Company in the Korean Medicine Industry

Recognized for Expertise and Technological Capabilities in Korean Medicine and Raw Materials Industry
Contributing to the Growth of the Health Functional Food Market for Women's Menopause

[The Asia Business Daily, Reporter Park Hyungsoo] Newmed, a company specializing in natural product research and development, announced on July 9 that it has been selected as an "Innovative Growth Company in the Korean Medicine Industry" in recognition of its expertise and technological capabilities in the Korean medicine and raw materials sector.

The selection of innovative growth companies, organized by the National Institute for Korean Medicine Development, is a government initiative that evaluates the technological capabilities and business potential of companies and hospitals developing new technologies or products in the field of Korean medicine, and provides research and development funding to the selected organizations.

Through a demand-customized technology support project by the National Institute for Korean Medicine Development, Newmed has combined traditional fermentation techniques with modern technology to biotransform active ingredients from Pueraria lobata (kudzu root). The company is currently undertaking a project, to be completed by the end of this year, to develop a manufacturing process for functional food ingredients that may help alleviate symptoms of menopause in women.

Newmed has completed the development of a process to efficiently extract active ingredients from Pueraria lobata. Through its business project, the company plans to jointly develop a biotransformation process with the National Institute for Korean Medicine Development to reduce the variability in efficacy among individuals and to provide better results for a broader population.

A company representative stated, "We will commercialize the technology to produce functional ingredients utilizing the active components of Pueraria lobata," adding, "With the advent of a super-aged society, we hope to contribute to the activation of the health functional food market related to women's menopause and to the health promotion of the middle-aged population, who are a core component of the economic and social structure."

Newmed manufactures and produces various compounds, including Astragalus extract, a raw material for children's height growth health functional foods, and has received approval for a total of five individually recognized ingredients from the Ministry of Food and Drug Safety. The company is systematically and scientifically pursuing six projects aimed at applying for new individually recognized ingredients related to body fat reduction and prostate health, as well as developing new functional ingredients.

This content was produced with the assistance of AI translation services.