Drug makers cancel licenses of 43,109 medicines voluntarily for 5 years

Pharmaceutical companies have voluntarily cancelled a total of 43,109 drugs since 2003, according to the Korea Food and Drug Administration.

These voluntarily-cancelled items are chiefly related to little marketability, price cut and validation system, a KFDA official said.

“It is rather desirable for pharmaceutical firms to focus on flagship products instead of having excessive number of...