News About: Pharm. Industry


Fiercer battle to be seen in generic antihypertensive drug market

With many global makers' blockbuster products coming off patent, the race for the generic antihypertensive drug market is set to be in full force next year. The drug recently at the center of attention is the best-...

Soaring profits in web drug service

A pharmaceutical company unveiled its revamped online site several years ago, with the aim of becoming the leading drug online shopping mall and currently, generates 16 billion won annually. The company’s main stra...

Green Cross wins big deal with U.S. firm

Green Cross Corp. said Wednesday that it has signed an memorandum of understanding (MOU) with the U.S. based ASD Healthcare, an affiliated company of the healthcare giant group Amerisourcebergen to supply Iviglobulin ...

Handok, Bayer Korea to join forces in contrast agent

Handok Pharmaceutical and Bayer Korea said on December 15 they have agreed to join hands to co-market iopromide Inj. Both companies will co-promote iopromide contrast agent under the different brandnames - Ulltravi...

Hanmi signs deal to transfer entecavir synthesis technology to Hwail

Hanmi Pharmaceutical Co. signed Wednesday a license-out agreement with Hwail Pharmaceutical Co., a local pharmaceutical bulk maker, to transfer its new synthesis technology of entecavir. Hanmi officials said that, ...

KRPIA abides by revised medical law

The Korean Research-based Pharmaceutical Industry Association (KRPIA) said it will strictly observe a revised law that punishes doctors for shady deals with drug makers. “We will launch a series of resolutions prom...

KPMA vows to stamp out illegal practices

The Korea Pharmaceutical Manufacturers Association (KPMA) has recently issued a statement declaring a launch of a compliance program (CP) for fair trade, stressing that the industry should now try to sharpen their bus...

Wholesaling industry to clean house

The domestic wholesalers pledged to improve unethical business practices in the pharmacy sector. In a forthcoming information session on December 16, wholesalers will reaffirm their commitment and cooperation in ta...

Estech Pharma signs MRI contrast agents export deal

Local drug maker Estech Phama has signed a contract with an affiliated company of Agfa Healthcare in Europe to export a newly developed medical contrast medium that can enhance images of cancer cells through magnetic ...

Pharmaceutical firms still sweating over 2011 plan

Korea’s leading pharmaceutical companies are still struggling to finalize their business plans for the new year, according to industry officials who participated in a meeting with the Korea Pharmaceutical Manufacturer...

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