News About: Pharm. Industry


Kosdaq drug companies: sales up but profit down in 1/2 this year.

As most of KSE listed drug companies did during the first half of this year, the Kosdaq listed pharmaceutical firms also showed their sales increases with profit declines. According to a survey conducted by Yakup ...

LG's public buyout plan on LG Life Sciences hit snag

LG, one of the largest group in Korea, attempted to make its public buyout application of LG Life Sciences' 4.10 million shares from July 24 to August 12 as part of its efforts to acquire LG Life Sciences as one of LG...

Chosun Pharm on path to management normalization

Pharmaceutical industry sources say that Chosun Pharm, which went bankrupt on August 19, 2000, will be able to normalize its management through a court's final ruling on the firm's application for composition, as 147 ...

Korea Tobacco and Ginseng Corp. acquired Yungjin.

KT&G announced on Aug. 12 in the board of director's meeting that they decided to invest 14.6 billion won for an acquisition of Yungjin pharmaceutical company for the purpose of building up the basic foundation of the...

Abbott Korea free supplying BMI measuring plates to 600 hospitals.

In line with a campaign under the slogan of "Know about obesity correctly" Abbott Korea has supplied about 600 obesity (body weight to body height: body mass index: BMI) measuri...

AstraZeneca Korea welcomes new president

AstraZeneca willl announce the official appointment of Lee Seung-woo, a former president of MSD Korea, as the new president within this week. A former pressident Lee Yang-bok who resigned on June 18 but has been wi...

Bar code system for drugs to be overhauled.

Taking effects from the next year the descriptions and labelling of all prescription drugs will be ameliorated including the bar code system. For this end, the KFDA Drug Safety Bureau will hold an interim report meeti...

Domestic pharmaceutical firms promoting aggressive new products marketing

Facing sluggish pharmaceutical sales in the first half of this year amid serious business downturn in Korea, a number of pharmaceutical firms are concentrating their efforts to boost their sales revenue via new produc...

Daehan New Pharm eyes pharmacy market for hand sanitizer

Daehan New Pharm said on August 11 that it signed with Carroll Korea, a Korean subsidiary of the U.S. Carroll Chemical, an exclusive distribution agreement in the marketing of C...

Multinational clinical studies under Korean leadership to be activated.

Joint multinational clinical study projects have shown a remarkable progress to an extent that a Korean clinical researcher has been appointed as a research head with many multinational researchers as a result of the ...

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