Pharma industry to find growth engines using OTC drugs

Published: 2018-07-04 17:50:48

Updated: 2018-07-04 17:50:48

Due to the depression in the ETC drug market and the government’s strict control, pharmaceutical companies have shown high interests in developing OTC drugs.

According to the Ministry of Food and Drug Safety(MFDS) Online Drug Library, 814 ETC drugs and 295 OTC drugs totaling 1,109 products were approved in the 1^st half of 2018.

The ratio between ETC and OTC drugs was 73 to 27. After the separ...

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