News About: Pharm. Industry
MFDS to prevent illegal patent extension by U.S. drugmakers
The Ministry of Food and Drug Safety (MFDS) is considering proposing a bill to effectively block a brand-name manufacturer's tactical use of pharmaceutical patents to extend their intellectual property rights over hig...
Janssen Korea recalls children’s Tylenol syrups by 70%
Janssen Korea said Tuesday that it had recalled 92,358 bottles of children’s Tylenol suspension 100 mL and 500 mL manufactured after May 2011, which accounted for 69.8 percent of total 132,257 bottles.
The company ...
Dong-A Pharm’s collateral policy stirs debate
Local wholesalers have recently lashed out at Dong-A Pharmaceutical’s unreasonable collateral policy, demanding a guarantor’s resident registration copy and certificate that a seal is registered, in addition to the do...
CEO of RNL Bio unveils tender offer
RNL Bio president Ra Jung-chan said last Friday that he will acquire a 50 percent stake of existing shareholders through tender offer. The tender offer is a public, open offer or invitation by a prospective acquirer t...
Janssen Korea hit by compulsory recall of children Tylenol syrup
The Ministry of Food and Drug Safety said last Friday that it has ordered Janssen Korea to recall Children’s Tylenol Suspension citing manufacturing flaws that can increase its active ingredient acetaminophen.
The ...
Sales of first-aid products jump during weekend
A 24-hour convenient store saw sales rise by 39.2 percent for 11 first-aid remedies between Saturday and Sunday in January, according to Yakup.com, a pharmaceutical information portal.
The portal’s one-month survey...
OTC products sales top 8.5 billion won for four months
Combined sales of 11 over-the-counter drugs, requiring no doctor’s prescription for purchase, stood are expected to reach 8.5 billion won at 24-hour convenience stores over the past four months, since the government a...
Jassen Korea apologies for recall of kid’s Tylenol syrup
The head of Janssen Korea on Thursday apologized for her company's recent recall of two Tylenol syrup products for children that contain unsafe levels of acetaminophen.
Acetaminophen, generally used for inflammato...
Dong-A’s acetaminophen pouch for children emerging into spotlight
A number of pharmacies are rushing to place their increasing orders with Dong-A Pharmaceutical’s Champ, a pouch type of antipyretic, as an alternative for Janssen’s Tylenol syrup for children.
There are 34 fever re...
UK, attractive destination for Korean drug firms’ investment
UK is one of the attractive countries where Korean drug companies can have an easier access for their investment, according to a global investment promotion agency.
In a local forum organized by the Korea Health I...
