News About: Pharm. Industry
Local vitamin B market steams up
The domestic vitamin B market is set to heat up as Daewoong Pharm rushes to the game by selling its new vitamin B product ‘Impactamin Power’.
Impactamin contains the following B-vitamins: vitamin B1 (thiamine), B2 ...
CJ teams up with Jechon City to develop world oriental medicines
CJ Cheil Jedang Corp. and Chungbuk Technopark are to carry out a joint development for natural herbal medicines.
CJ Vice President Kim Heung-chang exchanged a memorandum of understanding (MOU) with officials from J...
US FDA approves Korean regenerative wound dressing
Sewon Cellontech said on August 31 that it has received approval from the U.S. Food and Drug Administration to market its TheraForm, an absorbable biomatrix membrane for wound dressing, in the US market.
The compan...
Kwangdong to supply 19 healthy drinks to US military installations worldwide
Kwangdong Pharm., a local pharmaceutical company specializing in both Oriental and Western medicine, said that it has signed an agreement with Defense Commissary Agency (DeCA) to supply its 19 healthy drinks, includin...
Drug price cuts haunt drugmakers
Concerns are growing over the government’s firm policy to cut the inflated drug prices by pushing up with its plan to provide cheaper drugs for patients.
The government has set standard prices for insured medicines...
Myungmoon stocks set fresh records
Shares of Myungmoon Pharm jumped from 3,820 won to 6,650 won between August 25 and 28, after the company reported its agreement with Pharmswell Bio which has a capacity to produce Tamiflu.
The company said the agre...
Government to secure 3 million doses of flu vaccine from GSK
In a move to contain escalating pandemic flu fears, the government said on August 28 it will spend an extra 110 billion won to secure 10 million doses of vaccine for the influenza A virus this year.
The government ...
Green Cross stocks attracting investors on influenza A
As H1N1 influenza claimed the lives of three Koreans, shares of Green Cross Corp. have surged recently and the company’s total share values reached at 1.83 trillion won.
Indeed, Green Cross, the only Korean company...
Korean drugmakers facing ‘survival game’
From the local pharmaceutical companies to wholesalers, worries have arisen that the country might lose its leadership in the face of the government's plan to pass a bill aiming at introducing the controversial incent...
Surgical masks, hand sanitizer in short supply
The rapid spread of the H1N1 flu virus has fanned public paranoia, prompting people to flock to buying liquid or gel hand sanitizer and surgical masks. Such frenzy is pushing mask or hand sensitizer producers scrambli...
