News About: Pharm. Industry
A battlefield for Viagra generics
With 28 generic version of Viagra expected soon to flood the market, the low-priced strategy of Viagra generic makers will ignite fierce competition among domestic and foreign competitors.
"It`s war," declared a ma...
Huons, Fresenius Kabi Korea sign deal to sell anesthetic drug
Huons said Thursday it established a strategic partnership with Fresenius Kabi Korea to sell an anesthetic drug.
Under the deal, Huons will be in charge of selling Fresopol (propofol) MCT injection 1% (15 mL and 20...
Korean drug makers see falling market share in April
The country’s Korean leading pharmaceutical companies including top-tier ones have struggled to find their feet in April due to the adverse effects of a government-mandated price cut, while multinational drug firms ar...
Patients to benefit from Viagra patent expiration
With Viagra’s original patent expired on May 17, Korea is expected to see a flood of generics for medications that combat impotence hit the local market next month, led by the aggressive push of CJ Cheil Jedang, a maj...
DHL launches DHL MEDICAL EXPRESS
DHL, the world's leading express company, Wednesday launched DHL MEDICAL EXPRESS in Korea to provide express import and export transportation of time-sensitive medicines, clinical supplies and specimens during the cli...
Drug makers spend 37.4% of revenue on promotion in 1Q
Details of drug company spending revealed Monday show that the country's 52 pharmaceutical companies listed on Seoul bourse spend on average 37.4 percent of their revenue on marketing and hospitality during the first ...
28 Viagra generics ready to hit market
The patent for Viagra, th the world’s bestselling anti-impotence pill, is set to expire today in Korea so a swarm of generic versions can hit the market beginning Friday.
Fifteen local pharmaceutical companies alre...
Drug makers agonizing over future profits
The possible reclassification of 20 over-the-counter (OTC) drugs as “quasi-drugs,” is seen as a much needed move for the industry, but pharmaceutical companies are still uncertain over the success in convenient stores...
Boryung, LG UPlus to develop ‘smart’ healthcare services
Smartphones and tablet computers have changed the way we live our daily lives, from how we access the news to how we purchase music.
Boryung Pharma and LG Uplus are joining hands to develop new smart healthcare se...
Kim Eun-young named head of Novartis Singapore
Kim Eun-young, an executive of Novartis Korea’s Specialty Medicine Business Unit, was appointed president of Novartis Singapore as of May 1, Novartis Korea said Tuesday.
This is the first time for a Korean to take ...
