News About: Pharm. Industry
Drug makers face worst performances in 2Q
The country’s eight leading pharmaceutical companies including top-tier ones have struggled to find their feet during the second quarter, even before a government-mandated price cut came into effect.
Market leaders...
Restructuring to hit pharmaceutical sector
Korea’s pharmaceutical sector is headed for a fresh round of restructuring, with many small- and medium-size companies pushing employees to opt for early retirement plans amid growing worries over the lackluster earni...
Cho-A creates hGH that may help improve aging process
Heterogenous expression of recombinant proteins in milk of livestock at a large scale is very labor-intensive to be achieved with current transgenic animals, and usually seen as time-consuming, expensive and technical...
More than 100 Bayer Healthcare employees let go
Bayer Healthcare said Sunday it had dismissed more than 100 employees in its volunteer retirement scheme aimed at cutting costs and streamlining operations.
The retirees will be given monetary compensation equivale...
Yoon Jae-seung named president of Daewoong Pharma
Yoon Jae-seung, incumbent vice chairman of Daewoong Group, was named president of Daewoong Pharmaceutical Co. at its board of directors meeting on Thursday.
Yoon’s nomination reflects the company’s strong will to ...
Top five pharmaceutical companies expected to fare well in second quarter
Despite the brunt of government-imposed price cuts and the stepped-up competition, the so-called “big five” drug makers in Korea will see their revenues increase in the second quarter of this year, unlike the original...
LG’s Gimiglo to challenge multinational firms
The domestic 460-billion won oral diabetes markets may be encountered with a fierce competition between domestic and foreign multinational drug corporations when LG Life Sciences’ diabetes treatment, Gemiglo, jumps in...
Dong-A is likely to join 1 trillion won club in sales next year
Dong-A Pharmaceutical Co. is expected to surpass 1 trillion won in sales next year.
Market observers said that despite the government’s tight regulations and uphill competition, Dong-A will hit the landmark thanks ...
Sale of new drug for diabetes mellitus approved
A newly-developed drug for diabetes mellitus has received approval for production and sale from the authorities.
Gemiglo (gemigliptin), developed by LG Life Sciences, has passed safety and effectiveness tests, beco...
Hansol CSN picked as associate logistics firm
The Korean Drug Logistics Cooperative (KDLC), which acquired an approval of incorporation from the Small and Medium Business Administration, a government agency, Tuesday, said that it decided to finally select Hansol ...
