Pharmaceutical firms look to smoking cessation market

A growing number of local pharmaceutical companies are headed for domestic smokeless tobacco market in a bid to expand their business lines, although the market size is estimated at 15 billion won.

Samyang Corporation and Handok Pharm have flexed more muscle in the local smokeless market, with the market share of Nicostop now exceeding 37 percent.

The sources say Dongwha Pharm and Novart...