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“In North Korea, selling profitable drugs is the main goal of studying pharmacology”
Despite researchers interested in and studying pharmacology even in North Korea, they eventually are led to developing profitable drugs for no purpose of study without any benefit from the government, to purchase food...
Celltrion’s biosimilar ‘Truxima’ acquires approval in Australia
Celltrion announced the company acquired approval of Truxima(generic name: rituximab), an antibody biosimilar for the treatment of hematologic malignancy, from the Australian Therapeutic Goods Administration on the 20...
Government to seek for long-term plans to improve innovative pharmaceutical company certificate
The government will seek for long-term plans towards effectiveness from the innovative pharmaceutical company certificate.
The Korea Health Industry Development Institute had a notice of tender for the ‘Studies for ...
6 more Korean pharmaceutical companies with sales higher than KRW 100 billion
Last year, 58 Korean pharmaceutical companies reportedly had more than KRW 100 billion annual sales.
Moreover, Korean pharmaceutical companies had an increase on average in sales, but the sales gap between the rich a...
Biopharmaceutical companies using advertising agencies for 67 brands
While Korean biopharmaceutical companies rely ‘entirely’ on advertising agencies, multinational pharmaceutical companies were mostly asking them to ‘buy and plan marketing content’ from them.
Moreover, pharmaceutical...
No. of foreign patients was 320 thousand last year, facing first decreased in 8 years due to THAAD
The number of foreign patients dropped for the first time in 8 years to 320 thousand due to the Chinese THAAD impact.
The Ministry of Health and Welfare(MOHW) and the Korea Health Industry Development Institute(KHIDI...
MOHW seeks for plans to eradicate hospitals owned by unlicensed doctors
The Ministry of Health and Welfare(MOHW) is currently reviewing general plans to eradicate hospitals owned by unlicensed doctors, and considering plans to prevent these hospitals from entering the market and suspendin...
SK Chemicals signs joint sales agreement of ‘Forsteo’ with Lilly Korea
SK Chemicals announced the company signed a joint sales agreement of ‘Forsteo Inj(generic name: teriparatide),’ a medicine stimulating bone formation, with Lilly Korea on the 19th.
Forsteo is the world’s first medici...
2 of 5 unlisted pharmas struggling with SG&A/sales ratio higher than 40%
2 of 5 unlisted pharmaceutical companies reportedly have the ratio of SG&A(selling, general and administrative) expenses to sales higher than 40%.
Yakup Shinmoon(www.yakup.com) analyzed 2017 audit reports that 82 unl...
Small and medium pharmas with weakened profitability and high reliability on loans
Small and medium pharmaceutical companies were reportedly weakened in profitability and were relying more on loans.
Yakup Shinmoon(www.yakup.com) analyzed times interest earned(TIE) reported by 81 unlisted pharmaceut...
