Huons Global said that the board of directors has approved the establishment of the company's branch in Japan, Huons Japan Co., Ltd.The new subsidiary, located in Osaka, will be responsible for expanding exports to Japan and locally distributing and selling Huons Group's healthcare portfolio, includ
Vivizon Pharmaceutical said it would lower the prices of 45 medicines from May 23.The announcement follows the Supreme Court’s recent order to lower drug prices. The Ministry of Health and Welfare also noticed changing the maximum reimbursement rates for Vivozon drugs.The court ordered Vivozon’s dru
Genencell said that it has started administering ES16001, an oral Covid-19 treatment candidate, to patients participating in its global phase 2 and 3 clinical trials. The clinical trial is for male and female patients 19 years or older who have tested positive for Covid-19.The company has registered
Kolon Pharmaceutical’s prescription flu treatment Comiflu (oseltamivir phosphate) was distributed to a daycare via a donation group without a doctor’s prescription, and the regulator belatedly started investigating the case. Comiflu is a generic copy of Tamiflu.A daycare center in Jecheon, North Chu
Daewoong Pharmaceutical said it has recently obtained product approval for Nabota, a botulinum toxin (BTX) product, from the Saudi Arabian and Ukrainian governments.Saudi Arabia is one of the largest markets in the Middle East in terms of population and economy, and the company plans to use the Saud
Jeil Pharmaceutical said the government added Triferic Inj. (ingredient: ferric pyrophosphate citrate sodium sulfate coprecipitate hydrate) and Triferic Sol., a new treatment for renal disease, to the list of patented drugs. The patent registration allows Jeil to sell it in Korea exclusively.On Mond
MSD Korea said it would raise the price of Gardasil 9, a vaccine to prevent cervical cancer, in the second half of 2022, following the price hike last year. The decision drew criticism from both consumers and physicians.MSD Korea decided to increase the supply price of Gardasil 9 from July 1. It sta
Huons said it signed a contract to export three local anesthetic products to Formative Pharma Inc. (FPI), a Canadian-based pharmaceutical company last Thursday.The three products have obtained U.S. Food and Drug Administration’s Abbreviated New Drug Application (ANDA) approval in April 2018, Decembe
Astellas Pharma recently announced it would transform into an oncology drug developer and started reorganizing units and building pipelines for anticancer drug development.In line with the headquarters’ business direction, Astellas Korea also completed the reorganization of the oncology division to
SK Bioscience said on Thursday it obtained the Ministry of Food and Drug Safety’s permit to export SKYTyphoid Multi Inj., a typhoid vaccine.In 2013, SK Bioscience and the International Vaccine Institute (IVI) started jointly developing SKYTyphoid, a conjugate typhoid vaccine.The Bill & Melinda Gates
GC has signed a $51.7 million contract with Pan American Health Organization (PAHO) to supply influenza vaccines to Latin America.GC said it is the largest export deal since it secured PAHO bidding qualifications in 2011, marking a 30 percent increase from the influenza vaccine export to Latin Ameri
SK Biopharmaceuticals’ sales plummeted in the first quarter, compared to a year earlier, due to the base effect of a one-off income from a licensing deal last year.In a public filing on Thursday, the company said it posted 41.1 billion won ($31.8 million) sales in the first three months of 2022, a 7
LG Chem said its U.S. partner Cue Biopharma received the FDA approval to conduct a phase 1 trial of CUE-102, an anti-cancer therapy targeting the Wilms Tumor-1 (WT-1) gene.LG Chem owns the exclusive right to develop and market CUE-102 in 11 Asian countries, including Korea, China, and Japan.With the
Amgen announced its achievement in four ESG (Environmental, Social, and Governance) strategic categories in 2021 in a report.Based in the U.S., the multinational pharmaceutical firm released the 2021 ESG Report on Wednesday.The report explained how much the company moved forward in Amgen’s ESG frame
BMS Korea said that the Ministry of Food and Drug Safety has recently approved its myelofibrosis treatment Inrebic (ingredient: pedratinib) and myelodysplastic syndrome treatment Reblozyl (ingredient: ruspartercept),Inrebic received approval from regulators to treat adults with an enlarged spleen an
Roche Korea is strengthening its position in the local hepatocellular carcinoma market after receiving reimbursement for combination therapy of Tecentriq and Avastin as a first-line treatment, according to an expert Wednesday.“Tecentriq and Avastin combination therapy will bring major changes in tre
GC Cell said that it has signed a contract development and manufacturing organization (CDMO) agreement with Cellab Med to produce the latter's investigational drug for a solid cancer chimeric antigen receptor (CAR)-T treatment.GC Cell noted that this is the first development and manufacturing contra
HK inno.N has signed a contract with Dr. Reddy's Laboratories, an India-based multinational pharmaceutical company, to export finished products of K-CAB (ingredient: tegoprazan), a drug for gastroesophageal reflux disease (GERD), to seven countries.The seven countries are India, South Africa, Russia
A new drug, which proved heart and kidney protection effects in chronic kidney disease (CKD) patients accompanying type-2 diabetes, has arrived in Korea to counter well-established SGLT-2 inhibitors.On Tuesday, the Ministry of Food and Drug Safety authorized the use of Bayer’s Kerendia (ingredient:
LegoChem Bioscience said that it would start the operation of AntibodyChem Biosciences (ACB), its U.S. subsidiary in Boston.The company established ACB to develop global new drugs based on its antibody-drug conjugate (ADC) platform technology. ACB will lead global clinical development by joining the