All Type of News
Myungsung taking over Jeongdo's credits and debts.
As of the date of May 23, Myungsung will take over all credits and debts of Jeongdo.
Myungsung acquired Jeongdo as an amicable M&A on May 20, taking over all credits and debts of Jeongdo according to the agreement...
Applications for drug standards and assay eased.
The Korea Food and Drug Administration announced a new draft of the drug standards and assay provision covering that all reviews are classified by the characteristics of each drug and a guideline on the application wr...
Daewoong Chemical grew up 34% at 45.5 billion won of sales.
Daewoong Chemical reported 45.5 billion won of sales and 11.8 billion won of the ordinary income in 2004, which was 34.8% up from the previous year of 33.8 billion won and 63.1% up of the ordinary incomes from the pre...
Myungsung-Jeongdo M&A surfaced to top wholesaler.
A giant OTC drug wholesaler was born in the metropolitan area. Myungsung and Jeongdo have agreed to merge on May 20.
The M&A was made by Myungsung's acquisition of Jeongdo but its detailed terms and conditions have...
LG to sign integrated research collaborations with Seoul Ahsan hospital.
LG Life Science (representative: Yang Heung-joon) and Seoul Ahsan hospital (superintendent: Park Keon-choon) signed an integrated research collaboration agreement on May 20 covering a joint basic medical research and ...
Withholding tax on pharmacy incomes unreasonable.
President Kwon Tae-jeong of Seoul Pharmaceutical Association (SPA) attended to the "Open Taxation Promotion Council" sponsored by Seoul District Tax Service (Head: Yoon Jong-hoon) on May 19 and requested to resolve pr...
Sales of top 29 companies occupied 65% of the total markets.
There are 29 top drug companies selling more than 100 billion won a year and many foreign multinational drug corporations had made a firm market position in Korea.
According to Yakup Press survey using the electro...
Full medical protection for cancer and other severe diseases to legislate.
Rep. Ko Kyung-wha of the GNP, a health and welfare committee member of the National Assembly, said that a legislative draft covering a full medical protection for severe diseases such as cancer seems to be presented b...
Leading brand OTC drugs getting revived.
Most of pharmaceutical companies are trying to revive their key OTC drugs that once got very popular in the retail pharmacy markets.
For instance, Dong-A's Panpyrin grew up by 20.9% in the lst quarter of this year ...
Wholesaler's expenses for returned stocks to be compensated.
The Korea Pharmaceutical Association forwarded a letter of certified contents to the Korea Pharmaceutical Wholesale Association, asking for the returned stocks but the KPWA responded in a feeling of unsatisfaction tha...
