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Korea’s ‘innotech’ economy maddens analog Japan

TOKYO – If you’re wondering why South Korea’s economy is outperforming Japan’s in 2021 by such a wide margin, events at drugmaker Celltrion offer some timely clues.

On Monday, the Incheon-based biopharmaceutical outfit announced positive results for an experimental antibody Covid-19 treatment. Clinical trials indicate it reduces the treatment period by nearly five days in Phase 3 global clinical trials.

The breakthrough is a reminder of how neighboring, more developed Japan is conspicuously absent from the vaccinations and therapeutics conversation.