SEOUL, Oct. 17 (Korea Bizwire) — South Korean pharmaceutical companies are intensifying efforts to develop combination drugs — single pills that treat multiple conditions — as patient demand for convenience and cost efficiency rises. Combination drugs contain two or more active ingredients, allowing patients to reduce pill intake and treatment expenses. According to industry sources [...]
SEOUL, Sept. 17 (Korea Bizwire) — South Korea’s reliance on U.S. pharmaceuticals deepened in 2024, with imports topping $1 billion for the first time, government data showed Tuesday. The trend, fueled by surging demand for cancer treatments and rare disease drugs, has stirred warnings about supply vulnerabilities at a time of heightened trade and tariff tensions [...]
SEOUL, July 15 (Korea Bizwire) — South Korea’s pharmaceuticals industry needs government-level support to mitigate potential impacts from the United States’ aggressive tariff policies, a local think tank said Tuesday. The recommendation comes after U.S. President Donald Trump threatened to impose tariffs of up to 200 percent on foreign-made pharmaceuticals as part of his protectionist [...]
SEOUL, Oct. 30 (Korea Bizwire) – The pharmaceutical and biotechnology industry is making significant strides in enhancing its presence in the beauty sector, particularly in the realm of cosmetics. Industry experts suggest that this strategic shift is aimed at attracting consumers and driving sales by emphasizing pharmaceutical companies’ focus on health. In recent developments, the Yuhan [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korea’s major pharmaceuticals manufacturers have set their sights on overseas markets this year as a string of their biosimilars are waiting to be approved or launched, industry sources said Friday. Celltrion Inc. said sales of its drug Remsima SC for the treatment of autoimmune diseases are set to [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea ranked sixth in the number of clinical trials last year, up two places from 2016, a new study has found. Data provided by the U.S. government agency National Institutes of Health (NIH) has revealed that while South Korea ranked sixth, Seoul was named the city with the [...]