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 [...]
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 [...]
SEOUL, Feb. 18 (Korea Bizwire) — An employee at a nightclub affiliated with a famous K-pop singer has been detained in connection with suspected using and trafficking of drugs, police said Monday. A Seoul court approved the warrant Sunday to hold the suspect, whose identity is withheld, under custody, the Seoul Metropolitan Police Agency said. [...]
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 [...]
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 [...]
SEOUL, Dec. 24 (Korea Bizwire) — A number of South Koreans have been arrested for selling drugs such as methamphetamine, marijuana and LSD on the Dark Web, where it is difficult to track IP address. While drug sales via SNS have increased, this is the first time for the prosecutors to apprehend operators of Dark [...]
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 [...]
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 [...]
SEOUL, Mar. 27 (Korea Bizwire) – Concerns are growing after media outlets reported that the price of new drugs developed in the U.S. could spike as a result of a renegotiated free trade agreement. According to the Ministry of Trade, Industry and Energy, South Korea agreed to revise its pharmaceutical pricing and reimbursement policy to give [...]
SAN DIEGO, Mar. 22 (Korea Bizwire) — Crown Bioscience, a wholly-owned subsidiary of Crown Bioscience International (TWSE:6554) and a global drug discovery and development services company providing translational platforms to advance oncology, inflammation, cardiovascular and metabolic disease research, announced today a strategic licensing agreement with CBT Pharmaceuticals (CBT), a U.S. and China-based innovative biopharmaceutical company committed [...]