Korean traditional medicine

Bristol Myers Squibb is No. 18 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. In 2022, Bristol Myers Squibb found itself on the cutting edge of drug development—reflected not only in groundbreaking products but in a sweeping diversity agenda. The New York City–based company, which reported 2022 revenue of $46.2 billion, had three drugs approved by the FDA last year: Opdualag, a first-line treatment for advanced melanoma, in March; Camzyos, a first-in-class cardiac drug for symptomatic obstructive hypertrophic cardiomyopathy, in April; and, in September, Sotyktu, the first new oral treatment for moderate-to-severe plaque psoriasis in nearly 10 years, discovered by BMS scientists. In 2022, these three new drugs had $284 million in combined sales. For most other pharma companies, that would be sufficient to appease investors and grow the business, but alongside its work … [Read more...] about This pharma giant is making sure new medicine works for more people

UPDATE The smelly, murky water putting off tourists from swimming in the sea at Maenam Beach in Koh Samui , southern Thailand , is not an oil spill but caused by a plankton bloom , which is a natural phenomenon, according to the Director of Koh Samui Harbour Authority, Arun Buppako. The photos circulating of green murky water at the beach show dead plankton floating on the surface of the water, said the director. Officials inspected the area and found no oil spills, he added. According to NaewNa , the director said… “Plankton blooms are a natural phenomena that happen every year. One main contributing factor is that when wastewater from the community is released into the sea, it acts as nutrients for plankton, causing them to multiply quickly. When the oxygen in the water depletes, the plankton dies, turning the seawater green. Related news Three mpox cases found in Thailand 4 hours ago Strikes in Germany force Thai Airways to … [Read more...] about Murky water at Koh Samui beach caused by plankton bloom, not oil spill: officials

Nasdaq Inc. ( NDAQ ) is getting close to launching its crypto custody business in the second quarter of the year, Bloomberg reported Friday. Key Takeaways Nasdaq readies the launch of crypto custody by end of the second quarter The exchange announced digital assets business last year Traditional financial institutions like BNY Mellon and Fidelity also offer crypto custody Nasdaq announced its foray into the digital assets business in September and will join traditional financial institutions such as Fidelity and BNY Mellon in offering crypto custody. The new digital offering will be headed by Ira Auerbach, who joins the company from Gemini, which was caught in the crosshairs of the FTX collapse . Auerbach was the Global Head of Gemini Prime, which was the company's prime brokerage service. The timing of Nasdaq's crypto custody launch could prove to be interesting. The U.S. Securities and Exchange Commission is keen on keeping a close eye on custodians … [Read more...] about Nasdaq Readies To Launch Crypto Custody

Explore the full 2023 list of Fast Company’s Most Innovative Companies , 540 organizations that are reshaping industries and culture. We’ve selected the firms making the biggest impact across 54 categories, including advertising , architecture , design , and more. Nature has typically been the first place that beauty companies turn to for solutions to aging and skin imperfections. Now there’s a new source—biotech—and it takes its inspiration from the pharmaceutical industry. The move toward lab-generated ingredients that promise to improve on what scientists would find in nature dovetails with society’s larger embrace of personalized medicine, including cell and gene therapy, says Sarah Broyd, a partner at Durham, North Carolina–based Clarkston Consulting who specializes in consumer healthcare and pharmaceuticals. “Even the mRNA technology used in some of the COVID vaccines has contributed to a greater general understanding of how biotechnology works, which has … [Read more...] about The 10 most innovative companies in beauty of 2023

One of the ways that gig companies have been able for years to define their workers as independent contractors is by exploiting the allure of individualism. The contractor has their freedom, the thinking goes, so why would they exchange that for a full-time job with benefits? “These words have gained a strange kind of prestige from downwardly mobile, college-educated tech workers,” said John Patrick Leary, the author of Keywords: The New Language of Capitalism . It was part of what Reddit’s founder, Alexis Ohanian, has called “hustle porn,” cheerleading multiple jobs and their backbreaking exertions, giving a cheerful spin to the full 30% of Americans who do something else for pay in addition to their full-time jobs, according to an NPR/Marist survey. Hustling and nimbleness and the like implied, however, that there is a slinky joy in picking up gear at a studio and dropping it off across town or selling CBD oil part time. Once called drably “another job,” these … [Read more...] about The lie of the hustle

FromSoftware is No. 15 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. When open-world fantasy game Elden Ring hit video-game consoles last February, it landed like a blockbuster film. FromSoftware , the game’s Japanese developer, sold 12 million units (starting at $60) within two weeks, and the release was heralded with a tribute traditionally associated with major filmmakers—a lengthy New Yorker profile of the game’s creator, Hidetaka Miyazaki, who is known for taking players into magical kingdoms that are anything but fairy tales. Over the previous decade, Miyazaki had established a reputation for punishingly difficult games with Demon’s Souls and Dark Souls , in which you might take the role of a knight or magician to battle through labyrinths of lethal enemies. Along the way, the ghosts of other players who’ve died might warn you of what’s around the bend … [Read more...] about Game developer FromSoftware attracts fans by making play more challenging

Ultima Genomics is No. 33 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. After nearly six years in stealth mode, in May 2022, Ultima Genomics stunned the scientific community with the announcement of a breakthrough in DNA sequencing: a $100 genome, a sixfold reduction in cost over existing technologies and a staggering reduction from the cost of the first fully sequenced human genome, which is estimated to have been between $500 million and $1 billion. Ever since biotech company Illumina developed a way to sequence the human genome in 2014 for less than $1,000, it has dominated the next-gen sequencing field and the cost of sequencing a full human genome has hovered around that price point. Only in 2022 did the going price dip to about $600—still a high price that Ultima founder and CEO Gilad Almogy says is hindering more widespread use of sequencing to understand … [Read more...] about The $100 genome has been a biotech holy grail for decades. This company made it a reality

Axiom Space is No. 49 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. Since November 2000, the International Space Station has provided a unique microgravity platform for research in biology, medicine, materials science, and physics, as well as for observing Earth’s atmosphere and deep space. But with the station set to close by 2031, NASA has entered into commercial agreements with three companies—Blue Origin, Nanoracks, and Northrop Grumman Systems—to develop replacements, though it’s not clear they will be ready in time. Houston-based Axiom Space has a head start on all of them, with the sole contract to build a commercial module that will be attached to the ISS—and eventually detach to become its own free-floating commercial station, offering a new place for humans to live and work in space long-term. In 2022, the company took a big step toward making that a … [Read more...] about How Axiom Space took a giant leap toward building a commercial space station

LearnPlatform is No. 38 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. As the pandemic unfolded, educators grew more and more reliant on a vast array of digital tools. The average school district currently uses more than 1,400 edtech products each month, nearly three times the number they used just five years ago. Between this influx of new technology and funding requirements that mandate federal dollars go toward “evidence-based services,” schools are eager to prove that these digital solutions actually work. LearnPlatform helps educators analyze the efficacy of their edtech portfolio via its algorithms and automated data analysis that’s fine-tuned by both data scientists and former educators. As of 2022, LearnPlatform has run more than 1,200 evaluations for districts that serve nearly 10 million students and teachers; and in 2021 its school customers ran more than … [Read more...] about This platform is helping educators assess and manage all their edtech tools

Robust Intelligence is No. 48 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. As machine learning transforms business processes across an array of industries—from finance to medicine to travel—it’s essential to root out flaws which, if left unchecked, could have catastrophic consequences. Robust Intelligence is a Bay Area company focused on mitigating AI risks, helping organizations continuously validate AI models and data, and looking for anomalous behaviors and weaknesses. This allows data science teams to more quickly and efficiently test the robustness of a model’s performance, fairness, and security. Robust Intelligence’s AI Firewall software can also prevent bad data from entering production models by looking for anomalies in real time. Last year, Robust Intelligence won new customers that include JPMorgan Chase, Deloitte, and Hitachi; cosponsored a pair of … [Read more...] about This company’s software is designed to protect against AI disasters