News About: Pharm. Industry


Able Investment completes W16 billion takeover

Able Investment said it has emerged as a large shareholder in Binex Co. by completing its 16 billion won takeover of Binex. The investment company paid current majority shareholder, Binex’s CEO Lee Baek-chun, 16 bi...

Hyundai launches trospium chloride tablets

Hyudai Pharm has launched Wismax (trospium chloride 5mg tablets), indicated for the treatment of overactive bladder (OAB) with symptoms of urge urinary incontinence, urgency, and urinary frequency. Trospium chlorid...

Hanmi launches chemically modified Nexium

Hanmi Pharm says it has launched a chemically modified Nexium (S-omeprazole magnesium), Esomezole (esomeprazole strontium), in the domestic market. Esomeprazole is a proton pump inhibitor developed and marketed by ...

Green Cross signs chicken pox vaccine export deal

Local drug maker Green Cross Corp. (GCC) has signed a contract with a Brazilian pharmaceutical company to export its chicken pox vaccine “Suduvax” which was independently developed by Green Cross in 1994. The deal ...

Hanmi’s Amodipin touted as innovation product

Hanmi Pharm’s Amodipin (amlodipine camsylate), was recognized as one of 14 innovation products in Korea, according to a report released by the Samsung Economic Research Institute. The institute said the successful...

Choong-wae prefers team operation

Choong-wae Pharm has recently reshuffled its organization to strengthen its team-oriented management from the conventional department concept. The organization reshuffle appeared to be a “pre-emptive’’ move for the...

Daewoong’s 12 drugs listed in 2007 drug output

Daewoong Pharm’s 12 finished products were listed in last year’s top 100 production amount, according to data released by the Korea Pharmaceutical Manufacturers Association. Dong-A, SK Chemicals and Green Cross Co...

Government urged to revamp positive list system

Korea should revise the current positive list system so that domestic drug makers will be able to focus on research and development of new drugs to survive in an era of the free trade agreement, according to the Korea...

Foreign-invested pharmaceutical firms seeking strategic alliance with Daewoong

Some multinational companies stationed in Korea are eager to establish strategic alliances with Daewoong Pharm as Daewoong holds strong sales and marketing force in the domestic pharmaceutical market, despite Daewoong...

Concerns growing over higher pharma raw material prices

The prices of pharmaceutical raw materials, rising at a faster-than-expected pace this year, have forced drug makers to re-establish their marketing plan for each of ethical products. Pharmaceutical firms are in di...

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