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S. Korean Pharmaceutical Firms Shine Despite Coronavirus Pandemic

S. Korean Pharmaceutical Firms Shine Despite Coronavirus Pandemic

SEOUL, Dec. 21 (Korea Bizwire) — South Korean drug and biopharmaceutical companies have recorded stellar performances this year despite the coronavirus pandemic, data showed Monday. Nine local pharmaceutical firms struck 14 technology export deals worth 10.15 trillion won (US$9.2 billion) this year, up 19 percent from a year earlier, according to the Korea Pharmaceutical and [...]

Number of Drug Offenders on Increase

Number of Drug Offenders on Increase

SEOUL, Sept. 23 (Korea Bizwire) — The number of drug offenders in South Korea has been on a gradual increase, with more teenagers committing the illegal act, data showed Monday. According to the data obtained from the National Police Agency by Rep. Kim Young-ho for a parliamentary inspection, a total of 40,182 people were arrested [...]

Silence Therapeutics and Mallinckrodt Announce Collaboration to Develop and Commercialize RNAi Therapeutics for Complement-mediated Diseases

Silence Therapeutics and Mallinckrodt Announce Collaboration to Develop and Commercialize RNAi Therapeutics for Complement-mediated Diseases

LONDON and STAINES-UPON-THAMES, United Kingdom, Jul. 18 (Korea Bizwire) — Mallinckrodt plc (NYSE: MNK), a global biopharmaceutical company, and Silence Therapeutics plc (LON: SLN), a leader in the discovery, development and delivery of novel RNA2 interference (RNAi) therapeutics for the treatment of serious diseases, today announced a collaboration that will allow the companies to develop [...]

Drugmakers’ Technology Exports Reach 5.3 tln Won in 2018

Drugmakers’ Technology Exports Reach 5.3 tln Won in 2018

SEOUL, Jan. 22 (Korea Bizwire) — Exports of drug-manufacturing technologies by South Korean pharmaceutical and bio companies reached nearly 5.3 trillion won (US$4.7 billion) in 2018 thanks to their efforts to tap into overseas markets, government data showed Tuesday. According to the data by the Ministry of Health and Welfare, industry player Yuhan Corp. and [...]

S. Korean Pharmaceutical Companies Establishing Foothold in Boston, World’s Largest Bio-Cluster

S. Korean Pharmaceutical Companies Establishing Foothold in Boston, World’s Largest Bio-Cluster

SEOUL, Jan. 14 (Korea Bizwire) — According to the pharmaceutical industry on January 13, major South Korean biopharmaceutical companies including Yuhan Corp. and LG Chem Ltd. are building a foothold in Boston. The plan is to use city, the world’s largest bio-cluster, as a base for open innovation. Yuhan has already established a legal entity [...]

Police Record Largest-Ever Bust of Drugs Smuggled into S. Korea

Police Record Largest-Ever Bust of Drugs Smuggled into S. Korea

SEOUL, Oct. 15 (Korea Bizwire) – South Korean police said Monday they have busted the largest-ever operation to smuggle drugs into the country, a scheme they say involves Taiwanese and Japanese organized crime rings and Korean dealers. Six people were arrested in the attempted trafficking of 112 kilograms of methamphetamine, an amount that is enough to be [...]

South Korean Teenagers Exposed to Dangers of Vietnamese Drug Balloons

South Korean Teenagers Exposed to Dangers of Vietnamese Drug Balloons

SEOUL, Oct. 10 (Korea Bizwire) — Narcotics known as “happy balloons” are being exposed to South Korean teenagers without any discretion, and regulative measures are being called for. Happy balloons are filled with nitrous oxide that cause hallucinations. In South Korea, inhaling nitrous oxide or possessing, selling, or providing it for inhalation purposes can result [...]