News About: Pharm. Industry
Dongwha Pharmaceutical forges strategic tie-up with Henkel Homecare Korea
Dongwha Pharmaceutical said Wednesday that it has established a marketing and distribution partnership with Henkel Homecare Korea.
Under the deal, Dongwha will be in charge of selling Henkel’s household insecticid...
New drug pricing measure to have another grace period
The Ministry of Health and Welfare said Thursday it enacted a revision bill to legislate the government’s drug pricing measure, whose implementation will be further exteneded to Jan. 2014.
The measure, which came i...
Ildong to introduce novel weight loss drug
Ildong Pharm said Wednesday that it has entered into a marketing and supply agreement with Arena Pharmaceuticals GmbH for BELVIQ (lorcaserin HCl). BELVIQ is believed to decrease food consumption and promote satiety by...
Lee named as KRPIA vice chairmanLee Sang-suk, a former vice chairman of the Korea Hospital Association, was appointed as the third vice chairman of the Korean Research-based Pharmaceutical Industry Association...
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Novartis Korea to receive returned goodsNovartis Korea has pledged to receive returned goods from pharmacies after a government-mandated price cut came into effect in April, according a pharmacist.
Choi Doo-ju, a c...
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LG, Mochida announce development and licensing agreement for biosimilar
LG Life Sciences (LGLS) announced Wednesday that it has granted Japan based Mochida Pharmaceutical Co. an exclusive license to develop, register and market a biosimilar drug developed by LGLS in Korea and Japan.
Th...
Handok denies merger with Teva
Handok Pharm Tuesday denied its merger with Teva Pharmaceutical Industries, the world's leading generic drug manufacturer.
However, Handok officials said the company is still under preliminary negotiation with Teva...
Teva’s merger strains domestic pharmaceutical sector
The rumors that Teva Pharmaceuticals will acquire major stocks of Korea’s mid-tier pharmaceutical firm have strained the pharmaceutical industry here, as Teva is the world's leading generic drug manufacturer known for...
Leading drug makers fared worse performances
The country’s top-tier companies have struggled to find their feet during the nine months of the year, after a government-mandated price cut came into effect in April.
According to data released by Yakup.com, a pha...
Iljin renames itself CosmaxBio
Iljin Pharmaceuticals said Tuesday that it will rename itself CosmaxBio from Nov. 12 in a bid to boost up its functional health business.
The previous name, Iljin Pharmaceuticals, has been in use since Cosmax, a co...
