News About: Pharm. Industry
Toll manufacturing competition getting fiercer
With the mandatory enforcement of new GMP and validation guidelines, the local toll manufacturers will saw more cut-throat competition in the months to come.
“A number of small- and medium-sized companies have esta...
Drugmakers in the hunt for new growth opportunities
Influenced by the government’s new drug pricing plan to cut drug prices, Korea's pharmaceutical firms are expanding investments on their new growth engines as their core businesses face slow growth, industry officials...
Leading pharmaceutical firms eye N&A as growth engine
Large domestic enterprises are eyeing mergers and acquisitions (M&As) with a promising pharmaceutical bulk manufacturer as part of efforts to find new growth engines in the rapidly changing business environment.
Ko...
SPL to analyze biosimilar products
Seoul Pharma Laboratories, a local leading contract research organization, said it may provide a service for biomolecule analysis with a high reliance and accuracy, along with detailed consultation.
The company has...
Chong Kun Dang founder honored
The Korea Minting and Security Printing Corporation (KOMSCO) has selected the late Lee Chong-kun, the founder of Chong Kun Dang Pharmaceutical Corporation (CKD Pharm), as one of 100 Korean prestigious figures
KOMS...
Local drugmakers win patent nullification trial over Lipitor
On March 25, the Supreme Court ruled against Lipitor (atorvastatin) patent in its nullification trial which had been sought by some local pharmaceutical firms.
The court said in its ruling that Lipitor patent owned...
Hanmi to turn into holding company
Hanmi Pharm Co., a Korean drugmaker, said on March 26 it plans to split into holding and operating entities in an effort to streamline the corporate structure from this July.
A board of directors finalized the plan...
Can Hanmi’s esomezole get listed into health insurance?
Will ulcer patients be able to get cheaper and better drugs this year?
Now all eyes are on the National Health Insurance Corporation's decision on the price of Esomezole (esomeprazole strontium), incrementally mod...
Trade deal to help firms tap Indian pharmaceutical market
A trade pact with India is expected to help Korean pharmaceutical companies accelerate their inroads into Asia's fourth-largest economy and solidify their presence there, the acting president of the Korea Pharmaceutic...
Foreign makers beef up OTC business
Some foreign makers of over-the-counter (OTC) drugs are seeking a breakthrough in the local still-sagging non-prescription medication field.
Reckitt Benckiser, Wyeth and Johnson & Johnson are waging fiercer marketi...
