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Pharmaceutical Firms Focus on Convenient Diabetes and Obesity Drugs

SEOUL, Aug. 14 (Korea Bizwire) — South Korean pharmaceutical companies, currently involved in developing drugs for diabetes and obesity, are emphasizing the improvement of usage convenience by extending drug efficacy durations and modifying formulations. Peptron Inc. is progressing toward transferring PT404, a sustained-release diabetes and obesity treatment formulation, to global pharmaceutical firms. Unlike existing treatments [...]

Samsung Head Seeks Ties with Global Pharmaceutical Firms

SEOUL, May 7 (Korea Bizwire) — Samsung Electronics Executive Chairman Lee Jae-yong has recently met with leaders of global pharmaceutical companies in the United States, the company said Sunday, in line with its efforts to find new growth engines beyond semiconductors. Lee held the series of meetings with CEOs from five major companies: Joaquin Duato [...]

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 [...]

S. Korea’s Pharmaceutical Market Grows 5.3 pct in Q1

SEOUL, May 22 (Korea Bizwire) — South Korea’s pharmaceutical market grew more than expected in the first quarter of the year despite the new coronavirus outbreak, a report showed Friday. Domestic sales of South Korean and foreign pharmaceutical firms came to 5.06 trillion won (US$4.1 billion) in the January-March period, up 5.3 percent from a [...]