News About: Pharm. Industry


440 companies founded last year, giving prediction of 2nd bio-venture boom

The 2nd bio-venture boom was predicted as more than 440 bio small and medium companies were founded last year.  According to data of the ‘Korean biotechnology small and medium venture foundation status’ recently publ...

SK Biotek acquires Bristol-Myers Squibb’s factory in Ireland

SK Group will acquire a factory of Bristol-Myers Squibb(BMS), a global pharmaceutical company, in Ireland. “Our subsidiary, SK Biotek, will acquire a Bristol-Myers Squibb’s large pharmaceutical ingredient factory(pro...

Huons Global will participate in ‘U.S. Bio International Convention’

Huons Global(CEO Sung-Tae Yoon, Wan-Sup Kim) announced plans to participate in the ‘Bio International Convention,’ the world’s largest bio event, from the 19th in San Diego and intensively focus on promoting ‘Hutox,’ ...

KPBMA strengthens capability in biopharmaceutical and 4th Industrial Revolution fields

The Korea Pharmaceutical and Bio-Pharma Manufacturers Association(Chairman Hee_Mok Won, KPBMA) will carry out reorganization of its secretariat and a series of rotational personnel appointments by recruiting experts i...

Cosmetic companies’ ‘well fight’ against unfavorable factors in 1st quarter

Major Korean cosmetic companies’ sales in the 1st quarter were decreased compared to the last quarter(4th quarter of 2016), but were increased compared to the same quarter of the last year, which was observed to well ...

Necessity of having a control tower for policy and support related to new drug development

With the goal of nurturing the Korean biopharmaceutical industry, an argument was strongly proposed that policies related to R&D support from each governmental department should be carried out to accelerate new drug d...

What is the reason why pharmaceutical sales reps are likely to chance jobs?

As pharmaceutical companies have been working hard to reduce selling, general and administrative(SG&A) expenses to secure profitability, it was analyzed their sales were highly likely to change jobs recently. Accordi...

What are innovative plans of pharmaceutical industry towards Fourth Industrial Rev.?

A place will be arranged for Korea to become a global pharmaceutical power ahead of the Fourth Industrial Revolution. The Pharmaceutical Society of Korea(President Ae-Ri Moon) and the Korea Pharmaceutical and Bio-Pha...

3 Huons Global-affiliated companies receives investment worth of KRW 12 billion

Huons Global(CEO Sung-Tae Yoon, Won-Sup Kim) announced on the 12th that Korea Investment Partners, the Korea’s largest venture capital, and Korea Development Bank jointly invested the total KRW 12 billion into 3 compa...

Strict restriction on SH Pharm for providing illegal rebates

The Fair Trade Commission(Chairman Jae-Chan Jeong, hereinafter referring to FTC) decided to impose a correction order to SH Pharm(located in Busan), a pharmaceutical distribution company that provided financial benefi...

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