News About: Pharm. Industry


Bayer HealthCare opens Web site for vitamin C preparation

Bayer Healthcare has recently launched its Web site (www.redoxon.co.kr) for Redoxon Double Action chewable vitamin C & Zinc tablets. This Website is aimed at providing housewives with the human’s immune system in m...

Korea Bone Bank takes over Endotec for $20 million

Korea Bone Bank Inc (KBBI), the local largest processor of allograft bones and connective tissues for transplantation, said on April 20 that it acquired a controlling stake in the US based Endotec Inc., after a succes...

Medical representatives facing ‘survival game’

Now that the government has banned distribution of products containing talc contaminated with carcinogenic asbestos, medical representatives in pharmaceutical firms are confronted with another survival game. As doc...

Shinpoong stocks surge 15%

Shinpoong Pharm surged by the daily limit of 14.97 percent to end at 23,850 won on April 15. “The increase of Shinpoong’s stocks came as investors raked in underestimated shares for large capital gains in the midst...

Foreign drug manufacturers call for simpler price assessment procedures over new drugs

Representatives from the Korean Research-based Pharmaceutical Industry Association (KRPIA) said on April 15 that the Korean government will have to overhaul the current positive list system by incorporating the screen...

LG Life Sciences begins work on new plant in Osung complex

LG Life Sciences will build a new medicine plant in Osung’s life science complex, North Chungcheng Province on April 15. The plant, on 160,500 square meters of land with 200 billion investment, will be equipped wit...

Kuhnil, SNU to set up STH Pharm

On April 14, Kuhnil Pharm and SNU Techno Holdings signed a memorandum of understanding to establish Seoul Techno Holdings (STH) Pharm, shedding light on the prospect of turning research activities into lucrative busin...

Three Korean firms’ March sales up 20 percent

The domestic industry’s top players - Dong-A Pharm, Yuhan Corporation and Chong Kun Dang Pharm – saw a steep hike in March sales on the back of their generic releases, according to market analysts. Boosted by robus...

Drugmakers to file damage suit

The Korea Pharmaceutical Manufacturers Association said on April 14 that a total of 27 pharmaceutical companies would file a joint suit against the drug authority for having hastily banned sales of drugs without a tho...

Korea Biotechnology Industry Association changes its name to Korea Bio Venture Association

Korea Biotechnology Industry Association changes its name to Korea Bio Venture Association Rep. Bae Eun-hee of the ruling Grand National Party said in a forum that the name of Korea Biotechnology Industry Associat...

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