News About: Pharm. Industry
Small- and medium-sized company at crossroad
The government claims its new drug pricing plan will change this distorted incentive structure.
The new system will allow medical institutions to pocket 70 percent of the price differential as profit when they mana...
Ilyang breaks ground for influenza vaccine plant
Ilyang Pharm said it held a ground-breaking ceremony on May 13 to construct its influenza vaccine plant in Eumsung, North Chungchong Province.
The ceremony, hosted by Ilyang’s chairman Chung Do-eon, was attended by...
Pharmaceutical salespeople are in agony
The Ministry of Health and Welfare launched a crackdown on unlawful drug marketing activities in August of last year. It introduced a rule which slashes the price of a drug by up to 20 percent if its producer is found...
CJ signs license agreement with aRigen for exclusive marketing and sales of ARH-1029
CJ Jeil Chedang said on May 12 that it signed a strategic alliance agreement with aRigen Pharmaceutical Inc., a drug discovery and development company focused on infectious diseases in Japan, for the exclusive marketi...
Drug agency seeking to maintain tax benefits for GMP facilities
The Korea Food and Drug Administration has rolled up its sleeves to sustain the tax cut program for the local GMP (Good Manufacturing Practice) facilities, which will be scrapped at the end of this year.
The drug a...
Samsungs investment plan boosts shares of biopharmaceutical firms
Samsung Group’s announcement to spend 23.3 billion won on new businesses including biopharmaceuticals and medical devices on May 11 is a boon to local biomarkers as their shares skyrocketed recently.
Binex saw its ...
Huons targets 100 billion won in sales this year
Huons aims to achieve 100 billion won in revenue this year with the intention of emerging as one of the best-performing companies in Korea, a company executive said recently.
The company’s plan to boost sales this ...
Handok, Sanofi Pasteur seek to upgrade vaccine distribution system
Handok Pharm and Sanofi Pasteur said they will be able to provide safe and effective vaccines by upgrading their whole distribution services, such as storage of vaccines at 2~8℃ and on-line order system.
They said ...
Reyon Pharma to go public
Reyon Pharmaceutical Co. is scheduled to debut on the stock market on June 9, according to a company official.
Market watchers are positively evaluating the listing of Reyon that marks its 55th anniversary this yea...
Alliance with GSK positive for Dong-A Pharm
The strategic alliance between Dong-A Pharm and GlaxoSmithKline (GSK) is expected to help the leading Korean firm boost its pharmaceutical business in the long run, analysts say.
GSK says it will invest about 130 b...
