News About: Pharm. Industry
Novartis on a KRW 500 million fine for supporting doctors on symposiumsThe Fair Trade Commission(Chairman Jae-Chan Jung, FTC) decided to impose a corrective order and a fine of KRW 500 million and accuse the company to the prosecution with a crime ...
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Bill & Melinda Gates Foundation support LG Chem with KRW 14 billion for polio vaccine development
LG Chem announced on the 7th that ‘Bill & Melinda Gates Foundation’ has decided to support the company with USD 12.6 million(approx. KRW 14 billion) for development of a new polio vaccine.
The support fund will be us...
Celltrion Healthcare turns in registration of securities, expected to go public late July
Celltrion Healthcare, a subsidiary of Celltrion, turned in a registration of securities to the Financial Services Commission on the 7th. If the process goes smoothly, it will go public in the KOSDAQ market this July.
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MFDS tightens post-marketing management of medical narcotics and antipsychotics
In order to prevent mis/over-prescribing of medical narcotics(e.g. Propofol) and antipsychotics(e.g. Zolpidem), their post-marketing management system will get tighter.
The Ministry of Food and Drug Safety(MFDS) is p...
KOSDAQ records 10 times higher growth rate in export than KOSPI
It was observed the KOSDAQ listed pharmaceutical companies’ average foreign sales & export ratio of this 1st quarter was twice higher than the one of the KOSPI. The KOSDAQ’s growth rate was more than 10 times higher t...
Celltrion reveals Phase 3 clinical trial result of Herzuma at world’s largest oncology conference
Celltrion announced a result of the clinical trials of Herzuma(project name: CT-P6), an antibody biosimilar for the treatment of breast cancer, and Truxima(project name: CT-P10), a biosimilar for the treatment of hema...
No place for illegal rebates using ‘CSOs,’ harming ethical business management
The Korea Pharmaceutical and Bio-Pharma Manufacturers Association(KPBMA) gave a strong warning message against illegal rebate activities using CSOs(Contract Sales Organization) and expressed concerns about it.
The KP...
Series of IPOs at the end of the year
Starting with DongKoo Bio&Pharma, a series of pharmaceutical companies are expected to go public.
According to the pharmaceutical industry, unlisted pharmaceutical companies, such as DongKoo Bio&Pharma, CJ HealthCare...
KOSPI and KOSDAQ records respective ‘large decrease’ and ‘large increase’ in net profit
The KOSPI listed pharmaceutical companies’ average net profits of the 1st quarter recorded a negative figure compared to the same quarter of the last year, but the ones of KOSDAQ listed pharmaceutical companies went u...
FIP Seoul Conference creates foundation for Korean pharmacists’ globalization and advancement
2017 FIP Seoul Conference and World Congress of Pharmacy and Pharmaceutical Sciences in Seoul, the world’s largest event for pharmacists, will be held between the 10th and 14th of September at Seoul COEX Convention Ce...
