2,019 medicines approved last year, 70% were generic

7 of 10 medicines approved last year were reportedly a generic referencing an original product.

75% of approved medicines, moreover, were ETC and 25% of them were OTC.

Yakup Shinmoon analyzed the Ministry of Food and Drug Safety Online Library’s ‘2017 Drug Approvals,’ and the analysis showed total 2,019 products were approved as medicine last year.

Among them, 1,516 products were ETC and 503...