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Green Cross breaks ground for new plasma factory
Green Cross Corp. held a groundbreaking ceremony Wednesday in order to complete the construction of a plasma derivative plant in Bang Phra, 100 kilometers south of Bangkok, by the end of 2014.
Those participating i...
Local drug firms increase market share
With foreign drug makers taking a bigger share of the domestic prescription market and mid-tier companies facing restructuring, Korea's pharmaceutical industry is expecting major changes.
According to Shinhan Inve...
Bayer Korea to transfer all of OTC products to Dong-A
Bayer Korea plans to transfer all of its over-the-counter medicines to Dong-A Pharmaceutical in a move to strengthen Bayer’s ethical business here.
“If the OTC transfer negotiation between the two companies are com...
Pharmaceutical firms’ operating profits halve
Local pharmaceutical companies saw a substantial setback in their performance last year, with operating profits more than halved compared to two years ago due to fallout from a dual punishment system, which introduced...
JW Medical eyes 105 billion won in sales
JW Medical, an affiliate of JW Holdings, has set its sights on 105 billion won in this year’s sales by 2015, its chief executive said Tuesday.
Chief executive officer (CEO) Noh Yong-gap said that JW Medical will se...
Handok donates 15,504 shares to employees
Handok Pharmaceutical said Monday it has donated a total of 15,504 shares, currently worth 323 million won, to its newly created employee stock ownership association after the company ended 48-year-long partnership wi...
Pfizer Korea unveils Norvasc ODTPfizer Korea, a Korean unit of the U.S. based Pfizer Inc., said Tuesday it has started selling the oral disintegrating tablets (5 mg, 10 mg) of Norvasc (amlodipine besylate) her...
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Fiercer completion to be seen in healthcare sector between Korea and U.S.
Competition in healthcare sector between Korea and U.S. will become fiercer as Korea’s horizontal intra-industry trade (HIIT) tends to expand, a government-funded institution said Monday.
According to data by the K...
Listed 55 pharmaceutical firms’ debts post 5.5 trillion won last year
Korea’s listed 55 drug firms’ debts stood at 5.53 trillion won last year, showing a slight increase from the previous year, an online business data provider said Monday.
In general, a high debt-to-equity ratio ind...
KFDA pushes forward voluntary registration system for CROs
The Korea Food and Drug Administration said Monday it has introduced a private-led ‘voluntary registration system’ for clinical research organizations (CROs) to improve Korea's clinical infrastructure and technology.
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