News About: Pharm. Industry
Major drugmakers’ 1H profits slashed by cuts in drug prices
After the government forced down prices of medicines in April, the country’s leading pharmaceutical companies including top-tier ones have struggled to keep afloat in the first half of the year.
Despite increased s...
BMS Korea to continue talk with unionists
BMS Korea, a Korean unite of the U.S.-based Bristol-Myers Squibb, issued a statement on Tuesday that the company will continue to talk with its union workers, claiming it has spared no efforts to create better working...
35 bioequivalence tests approved in July
The Korea Food and Drug Administration confirmed recently that it approved bioequivalence tests for a total of 35 drugs filed by of 20 pharmaceutical firms in July.
By company, LG Life Sciences topped the list with...
SK Chemicals eying sales of 20 billion won with new drug
SK Chemicals on Tuesday launched Promac (polaprezinc), a new drug for the treatment of acute and chronic gastritis, in a bid to raise 20 billion won in domestic sales in the first year of launching, the company said.
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Dispute between BMS Korea management and unionists seen to be intensifying
The unionists of BMS Korea and ten union workers at other pharmaceutical firms will hold a press conference today in front of BMS Korea headquarters in protest of the company’s lack of efforts to deal with disguised o...
Hanmi releases Voglia OD tablets
Hanmi Pharmaceutical said Monday that it has rolled out an oral disintegrating tablet (ODT) version for Voglia (voglibose).
Voglia is an alpha-glucosidase inhibitor used for lowering post-prandial blood glucose lev...
Labor dispute looms large at BMS Korea
BMS Korea and its unionists are on a collision course over the company’s move to recruit some employees from an outsourcing company.
The union said it will hold a press interview in front of the company on Tuesday ...
Janssen Korea gets new female CEOJanssen Korea, a Korean branch of multinational firm Janssen Pharmaceuticals Inc., announced last Thursday that Kim Oak-yeon had been appointed as its woman CEO, effective Augus...
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Pharmaceutical industry in transition
The local pharmaceutical industry is undergoing a major transformation as cuts in drug prices have reshuffled the leader board of drug manufacturers.
After the government forced down prices of medicines, local drug...
Government urged to probe multinational firms over rebate
There are mounting cries that the Korean government should scrutinize the country's multinational drug firms in relation to their suspected undue business practices.
Critics said it could be “problematic'' if forei...
