Competition to be seen intensifying over OTC market

A fierce battle is foreseen in the domestic market for over-the-counter (OTC) drugs, which has so far been neglected by local drugs makers, according to Yakup Shinmoon, a local trade paper.

To soften the government-mandated cuts in drug prices, a growing number of pharmaceutical companies are stepping up efforts to grab a bigger slice of the market.

Dong-A Pharmaceutical saw its OTC reve...