Daewoong Pharmaceutical 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 [...]

SK Chemicals Works with Daewoong Pharm to Boost Sales of Shingles Vaccine

SK Chemicals Works with Daewoong Pharm to Boost Sales of Shingles Vaccine

SEOUL, May 10 (Korea Bizwire) — SK Chemicals Co., a South Korean vaccine maker, said Thursday it has joined with Daewoong Pharmaceutical Co. to sell its herpes zoster vaccine in South Korea. Under the agreement, the two companies will work together on the sales and marketing of Skyzoster, a shingles vaccine developed by SK Chemicals, [...]

Daewoong Pharmaceutical Tops List of Approvals for Clinical Trials

Daewoong Pharmaceutical Tops List of Approvals for Clinical Trials

SEOUL, Feb. 7 (Korea Bizwire) – Daewoong Pharmaceutical Co., a major South Korean drugmaker, has topped the list in winning approvals from the drug regulatory agency for clinical trials, industry officials said Tuesday.  Daewoong Pharmaceutical received approvals from the Ministry of Food and Drug Safety for 16 clinical trials in 2016, compared with seven a [...]

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, [...]

Daewoong Pharma Builds Lab in China after Acquiring Local Firm

Daewoong Pharma Builds Lab in China after Acquiring Local Firm

SEOUL, Nov. 5 (Korea Bizwire) – Daewoong Pharmaceutical announced on November 3 that it recently built a Daewoong Pharmaceutical Liaoning laboratory as part of an effort to establish a global network. The lab is under Liaoning Baifeng, a Shenyang-based drug manufacturer the Korean company acquired in August 2013. The newly-built lab located in the Benxi Economic [...]

Daewoong Pharmaceutical’s Chairman to Donate His Wealth to a Foundation

Daewoong Pharmaceutical’s Chairman to Donate His Wealth to a Foundation

SEOUL, May 29 (Korea Bizwire) – Yoon Young-Hwan, founder and chairman of Daewoong Pharmaceutical Co., decided to donate all his stock holdings worth 80 billion won to a foundation and an in-house fund for workers’ welfare. According to the company on May 28, the chairman would establish the Seokcheon-Daewoong Foundation, recapitalize the Daewoong Foundation for educational causes, [...]