botox Archives | Be Korea-savvy
S. Korean Pharmaceutical Companies in a Prolonged ‘War on Botox’

S. Korean Pharmaceutical Companies in a Prolonged ‘War on Botox’

SEOUL, May 20 (Korea Bizwire) — As the ‘war on botox strains’ is escalating between Medytox Inc. and Daewoong Pharmaceutical Co., the tension between the two companies is becoming worse day by day. Medytox has filed a complaint with the U.S. International Trade Commission (USITC), accusing Daewoong of stealing the company’s botox strains. Daewoong has [...]

Medytox Files Lawsuit Against Daewoong Pharmaceuticals Over Botox Substance

Medytox Files Lawsuit Against Daewoong Pharmaceuticals Over Botox Substance

SEOUL, Oct. 31 (Korea Bizwire) – South Korean pharmaceutical firms Medytox and Daewoong Pharmaceuticals are heading to court to settle a dispute surrounding the use of botulinum toxin, a highly poisonous substance used to make Botox, with the South Korean media branding the legal battle as the ‘Botox War’. According to Medytox on Monday, the pharmaceutical [...]

Drug Safety Ministry Criticized for Lack of Action over Botox Feud

Drug Safety Ministry Criticized for Lack of Action over Botox Feud

SEOUL, Nov. 8 (Korea Bizwire) – Corporate feud over the source of a toxin strain used in Botox injections has raised safety concerns among consumers, who lay the blame on the state drug safety agency for standing akimbo even when the controversy is growing.  Officials at the Ministry of Food and Drug Safety reaffirmed Tuesday [...]

Competition in Botox Market Turns Ugly

Competition in Botox Market Turns Ugly

SEOUL, Oct. 14 (Korea Bizwire) – The market for botulinum toxin (BTX), commonly marketed as botox, is rapidly expanding in Korea. But fierce competition between Korean botox distributors has recently intensified, with businesses questioning the safety of each other’s products.  There are currently seven BTX distributors globally, three of which are Korean – Medytox, Hugel, [...]

Global Survey Released by ISAPS Reports Increase of Over One Million Cosmetic and Aesthetic Procedures Performed in 2015

Global Survey Released by ISAPS Reports Increase of Over One Million Cosmetic and Aesthetic Procedures Performed in 2015

NEW YORK, Jul. 26 (Korea Bizwire) — The worldwide reach of the International Society of Aesthetic Plastic Surgery (ISAPS) is well known to the global plastic and aesthetic surgery community.  Now the release of eagerly awaited procedural survey results shows an increase of over one million reported procedures from 2014 to 2015. The data on [...]

Court Rules Dentists can Inject Botox

Court Rules Dentists can Inject Botox

SEOUL, July 22 (Korea Bizwire) – The battle over dentists performing botox injections between the Korean Medical Association (KMA) and the Korean Dental Association (KDA) began sometime in 2011 when a dentist named Jung was accused of violating medical laws by giving a botox injection to one of his patients. Jung attempted to use previous cases [...]

Korean Filler becomes New Korean Wave

Korean Filler becomes New Korean Wave

SEOUL, May 19 (Korea Bizwire) – The market for plastic surgery prosthetic filler is soaring. The steady domestic market and exports to foreign markets such as China and Japan are enabling Korean biomedical companies to prosper.  Hugel and Medytox both broke quarterly records in this year’s Q1, powered by an increase in filler sales. Both companies [...]

Smugglers Who Offered Cosmetic Filler and Botox Treatments Arrested

Smugglers Who Offered Cosmetic Filler and Botox Treatments Arrested

SEOUL, Jan. 03 (Korea Bizwire) – As public acceptance of simple cosmetic treatments, such as procedures involving cosmetic fillers and botox, has become pervasive, related criminal activity – namely the smuggling of devices and materials from mainland China – has become big business, leading to more and more instances of police intervention.   According to [...]