Chinese pharmaceutical companies, including Antengene, Everest Medicines, and BeiGene, established Korean offshoots recently. Unlike other Chinese companies that used to export drug ingredients to Korea, these companies aim to target the Korean market with innovative drugs for serious diseases like
VT BIO said the company received approval to conduct clinical trials of its VT301 drug to treat Alzheimer's disease of antigen-specific self-regulated T cells by the U.S. Food and Drug Administration on Thursday.This U.S. clinical trial is the second one to treat Alzheimer's disease using regulated
Roche Diagnostics Korea said on Friday that their cobas EBV and cobas BKV tests for monitoring viruses and infections of organ transplant patients have received approval from the Ministry of Food and Drug Safety.The cobas EBV test indicates the need for potential treatment changes in patients under
Canaria Bio said that it has agreed to start a joint clinical trial with GSK in patients with platinum-sensitive recurrent ovarian cancer. The two companies aim to confirm the safety and efficacy of combination therapy using Canaria Bio's Oregovomab and GSK's Zejula (ingredient: niraparib).Canaria B
HLB Therapeutics will invest $30 million in Immunomic Therapeutics, HLB's U.S. affiliate developing the next-generation cell therapy anticancer vaccine.HLB Therapeutics said it signed a binding term sheet with Immunomic on Tuesday. Some outside investors also invested, acquiring bonds with warrants
Domestic medical distributors have repeated their demand on multinational pharmaceutical companies to cooperate with improving the distribution margin for insulin preparations, threatening to take “drastic steps” if the companies continue to ignore their demand.According to industry insiders, the Ko
Kolon Pharmaceutical has voluntarily canceled the approval for Comiflu, a prescription flu medicine, after causing a controversy about whether its drug distribution to a daycare via a donation group without a doctor’s prescription was illegal.The Ministry of Food and Drug Safety said the permit for
Onconic Therapeutics said its double-inhibition targeted anticancer drug, OCN-201, has won the Ministry of Food and Drug Safety’s approval for a domestic phase 2 clinical trial as an investigational new drug (IND) to treat ovarian cancer.OCN-201 is a double-inhibiting targeted anti-cancer drug (Poly
Korean health authorities have set about to take safety steps in response to foreign information that a new nitrosamine impurity has been detected in aciclovir medicines. Aciclovir is an antiviral medicine that treats infections caused by the herpes virus -- cold sores and genital herpes --, chicken
Doctors operating obstetrician and gynecologist (OB/GYN) clinics expressed outrage Monday toward MSD Korea's decision to raise the price of Gardasil 9, a vaccine to prevent cervical cancer, in the second half, following a similar price hike last year.On May 9, MSD Korea decided to increase the suppl
Zuellig Pharma Solutions Services Korea (SSK), an affiliated company with Zuellig Pharma Korea, has been embroiled in civil and criminal lawsuits over allegations of unfair labor practices and layoffs for over a year.While the Korean judiciary system has yet to decide on the matter, SSK CEO Erwan Vi
Kangstem Biotech said Monday that it has voluntarily withdrawn a phase 1 and 2a clinical trial investigational new drug (IND) approval for "FURESTEM-OA Kit Inj.," a candidate material for stem cell-based osteoarthritis (OA) treatment.The company decided to withdraw its plans after determining that i
Roche has been pursuing “agile transformation” to make the organization and business operation speedy and flexible.Roche Korea, the Korean offshoot of the Swiss multinational healthcare company, followed suit and introduced a new business model last year to help provide patient/client-centered care.
Janssen said Monday it has presented a study supporting the hypothesis that Tremfya, a psoriasis treatment, may differ in pharmacological mechanisms from its competitors because of its ability to bind to CD64+ cells and IL-23.The company presented the study's results, MODIF-Y, during the annual gene
Hanmi Pharmaceutical and KT, one of Korea's top three telecom companies, said that they have jointly invested in digital therapeutics (DTx) developer Digital Pharm, a subsidiary of the Catholic University of Korea's holdings company.In October, Digital Pharm, founded by Professor Kim Dae-jin at Seou
The world’s trade ministers reached an agreement to allow a partial intellectual property (IP) waiver for Covid-19 vaccines at the 12th Ministerial Conference (MC-12) of the World Trade Organization in Geneva, Switzerland, on Friday.Korean Covid-19 vaccine makers are paying keen attention to how the
Korean pharmaceutical companies are racing to develop a lipid nanoparticle (LNP) drug delivery technology, each using a different strategy.Those actively pursuing LNP development are Daewoong Pharmaceutical, Dong-A Socio Holdings, GC Biopharma, and Yuhan Corp.LNP is a drug delivery system key to dev
CG Bio said it has signed contracts to export 5.7 billion won ($4.4 million) worth of Facetem S and AiLEENE, its filler products, to the Middle East and Sweden.The company will export 4.9 billion won worth of its HA fillers to seven Middle East countries, including Syria and the Gulf Cooperation Org
A Ministry of Food and Drug Safety data showed that Takeda Pharmaceutical Korea registered the most patents with the ministry in May.According to the ministry’s drug information website, 14 pharmaceutical companies registered 39 patents last month. Takeda Pharmaceutical Korea registered 10 patents t
LG Chem said Thursday that the U.S. Food and Drug Administration has granted an additional Orphan Drug Designation (ODD) status to its LB54640, which treats genetic obesity due to proopiomelanocortin (POMC) deficiency.In September 2020, the U.S. regulator also designated LB54640 as a rare drug to tr