News About: Pharm. Industry
Employees at 8 multinational firms form labor union
Representatives from eight multinational drug firms here said Wednesday that they have formed a labor union.
The eight foreign-invested firms include Takeda Korea, BMS Korea, Sanofi Pasteur Korea, AstraZeneca Korea...
Returned medicines headache for wholesalers
Pharmaceutical wholesalers have found it increasingly difficult to deal with unused medicine stocks.
According to a survey of the Korea Pharmaceutical Wholesaler Association, a great number of wholesalers have kep...
Green Cross teams up with IPK on screening of new drugs
Green Cross Corp. said Tuesday that it has entered into a collaborative agreement with Institut Pasteur Korea (IPK), centered on the establishment of a compound library, for the identification and development of safe,...
Shares of Ildong soar on possible takeover
Shares of Ildong Pharm have risen sharply over the past three days by expectations that Green Cross Corp. may take over Ildong.
Green Cross said Monday it acquired 1.77 million shares or a 7.07 percent stake in Wha...
Ildong to release novel weight loss pill in 2014
Ildong Pharm said Monday that it has entered into a marketing and supply agreement with the U.S. based Arena Pharmaceuticals for Belviq (lorcaserin HCl), the first new prescription drug for long-term weight loss to en...
Kim Doo-seop named to head Handok’s research laboratory
Handok Pharmaceutical said Tuesday it has appointed as its central laboratory chief, Dr. Kim Doo-seop, a world-renowned expert in developing new drugs.
The new research head boasts an impressive track record in th...
Drug makers seeking to stay afloat
During this year, it looks as if a series of government policies and outside pressures are at last forcing drug makers to change their problematic business models.
Realizing that the threat of punishment alone woul...
Drug makers rekindling co-marketing flame
Local drug manufacturers are seeking ways to boost their sales by seeking strategic alliances with a number of Korean companies as their operating profits continue to fall in the domestic market after comprehensive pr...
Handok to change name
Handok Pharmaceutical Co., Ltd. will change its name to Handok Inc. and appoint new directors at its board of directors' meeting on Dec. 14.
In its regulatory filing on Monday, the company said that by changing the...
Drug makers earn 10% of revenue from export
As many pointed out, the crowded Korean pharmaceutical market provides thin profit margins with a number of drug makers competing head-to-head.
Especially, more and more local drug manufacturers are seeking ways to...
