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Company
Tylenol shortage boosts Penzal sales by over 40%
by
Jung, Hye-Jin
Apr 07, 2020 06:40am
Due to the COVID-19 outbreak, acetaminophen’s top brand product Tylenol has been experiencing shortage and seemingly other alternatives are seeing a surge in sales. Chong Kun Dang Pharmaceutical official announced on Apr. 2 the sales volume of Penzal-Q in last February and March has soared over 40 percent than same time last year. And Penzal ER tablet’s volume in the same period has also leapt by 56 percent than the previous year. Besides the popular OTC, Penzal brand has a prescription tablet line and the surge in the prescribed ER tablet volume could mean it was an easy option for pharmacies to replace Tylenol. In last March alone when the acetaminophen shortage issue has surfaced, the combined volumes of Penzal-Q and Penzal ER tablet have spiked 48 percent more than the year before. Accordingly, the industry experts view the Korean-made acetaminophen brand sharing a common substance with Tylenol has profited it. Recently, the World Health Organization (WHO) recommended ‘consuming acetaminophen instead of ibuprofen as a nonsteroidal anti-inflammatory drug to relieve symptoms suspected of COVID-19,’ but the organization withdrew the recommendation after two days. However, the two days were enough to hype the demand on acetaminophen in the market. Regardless of prescription or OTC line, Tylenol has become rare to find in the market. The supplier, Janssen Korea claims the product is distributed in Korean market in the same amount as pre-COVID-19 outbreak, which supports the theory that the exponential increase in demand on Tylenol has caused the shortage. Undergoing a product renewal and price raise in April, Samjin Pharm’s Geworin has doubled in sales from February to March. However, considering the pharmacies were stocking up the product before the price jump, it is too early to conclude the COVID-19 outbreak was the direct cause of the surge. The direct correlation would be apparent in the next second half of the year when the re-order has been made. An insider from the distribution industry commented, “On the day Tylenol comes in stock once in a month, all the stock is exhausted within the same day. It seems like the both consumers demand and pharmacies’ preorder volume have skyrocketed.” The distribution industry also agrees the general acetaminophens sales have increased. The sales volume of acetaminophens recorded by the top distributor has shown a significant rise in OTC acetaminophens. Some items’ volumes have even doubled from February to March. A pharmaceutical company associate noted, “The public’s heightened interest in acetaminophens has boosted demands in specific items, and it eventually affected their sales volume. The industry has recognized the COVID-19 outbreak as one of causes of the sales influx.”
Company
Big5 general hospitals codes in 2nd PARP inhibitor Zejula
by
Eo, Yun-Ho
Apr 06, 2020 06:28am
The world’s second poly ADP-ribose polymerase (PARP) inhibitor Zejula’s drug code has been implemented by Big 5 general hospitals in Korea. A pharmaceutical industry source reported an ovarian cancer treatment by Takeda Pharmaceuticals Korea, Zejula (niraparib) has been registered by drug committees (DC) around 24 general hospitals so far since its reimbursed release in last December, The prescription code for the treatment was passed by regular DC in Seoul National University Hospital, Seoul Asan Medical Center and Seoul St. Mary’s Hospital, and by emergency DC in Samsung Seoul Medical Center and Severance Hospital. Currently, the code landing procedure is in process at Jeonbuk National University Hospital, Chonnam National University Hwasun Hospital, Kyungpook National University Chilgok Hospital, and Chunguk National University Hospital. A first PARP inhibitor to be used regardless of BRCA mutation, Zejula was approved in Korea as a monotherapy for the maintenance treatment of patients with platinum-sensitive relapsed high grade serous epithelial ovarian, fallopian tube, or primary peritoneal cancer who are in response (complete or partial) to second or later-line platinum-based chemotherapy. Although it was listed for reimbursement last December, the first reimbursement standard was limited to patients with gBRCA mutation. However, in major clinical studies, Zejula has demonstrated outstanding improvement on median Progression-Free Survival (mPFS) against placebo regardless of gBRCA mutation. Takeda Pharmaceuticals is currently working on expanding Zejula’s reimbursement standard. The anticancer treatment is targeting two additional indications; monotherapy for the maintenance treatment of gBRCA-negative patients with platinum-sensitive relapsed high grade serous epithelial ovarian, fallopian tube, or primary peritoneal cancer who are in response (complete or partial) to platinum-based chemotherapy; and monotherapy to treat relapsed ovarian cancer after receiving fourth or later-line chemotherapy. The fourth or later-line indication has been approved based on multicenter, open-label QUADRA study in adult patients with ovarian cancer, who have been treated with third or later-line therapy. During the clinical study, Zejula reached its primary efficacy endpoint and demonstrated clinical efficacy with an object response rate (ORR). The patient group with platinum-sensitive homologous repair deficiency (HRD) demonstrated ORR of 24 percent, where as BRCA-positive platinum-sensitive group, BRCA-positive platinum-resistant group and BRCA-positive platinum-refractory group recorded ORR of 39 percent, 29 percent and 19 percent, respectively.
Company
Otsuka is setting new records for sales & operating profit
by
An, Kyung-Jin
Apr 06, 2020 06:27am
Korea Otsuka Pharmaceutical has achieved the best performance since its launch last year. Although the sales of healthcare products were low due to the boycott of Japanese-made products, sales of professional medicines surged, setting new records for both sales and operating profit According to the audit report of Korea Otsuka Pharmaceutical, which was submitted to the Financial Supervisory Service on the 4th, the company's sales were ₩180.2 billion last year, up 11.4% from the previous year's ₩161.7 billion. During the same period, operating profit was ₩38.5 billion, an increase of 23.0% from the previous year. Both sales and operating profit are the largest since the establishment of the Korean subsidiary. Otsuka Korea Otsuka Pharmaceutical is a foreign-invested company founded on July 9, 1982. Otsuka Pharmaceutical Co., Ltd. of Japan owns 70% of the shares as the largest shareholder, and Jeil Pharma Holdings Holds 22.5%. In the industry, there were many observations that the sales of Otsuka Pharmaceutical were inevitable due to the boycott of Japanese products triggered by export restrictions by the Japanese government last year. Men's skin care brand 'Uros', sold by Korea Otsuka Pharmaceutical, was also mentioned as a representative boycott product on the 'Nono Japan' site. In fact, the company explained that the healthcare business including cosmetics sales have suffered. However, even growth in the range of specialized pharmaceutical products offset the decrease in sales in the healthcare sector such as cosmetics. Sales of existing products such as 'Abilify' and 'Mucosta' continued to grow, and new products such as 'Iclusig' and 'Samsca' successfully entered the market, leading to increased sales. Otsuka According to the drug market research institute IQVIA, the two types of drugs, 'Abilify' and 'Abilify Maintena', were combined with sales of ₩42.6 billion. This is an increase of 24.9% from the previous year's ₩37 billion. Abilify Maintena was released in 2016 as a long-acting injection of Aripiprazole. When administered once, the drug lasts for 4 weeks and can be administered once a month. The oral formulation, Abilify, has experienced a synergistic increase in sales since its exposure to generic competition after the expiration of the patent in March 2014, but increased exposure since the release of Abilify Maintena. Since 2015, the annual sales growth rate of double digits has been recorded, and the company's signature products have recovered. Sales of gastritis and gastric ulcer drugs 'Mucota' are also on the rise. Last year, sales were ₩15.3 billion, up 7.0% from the previous year. Since the second half of last year, 'Samsca' has been recognized as a health insurance benefit for autosomal dominant polycystic kidney disease (ADPKD), its sales have doubled compared to the previous year. In 2018, 'Iclusig', a leukemia treatment drug that had been controversial due to unsuccessful supply, began to be prescribed in earnest, and sales volume has tripled. An official at Korea Otsuka Pharmaceutical said that continued growth of flagship products and successful market entry of new products are considered to be the main causes of sales growth last year and as the drug sales grew and management efficiency efforts to improve per capita productivity achieved, the operating profit margin increased.
Company
GC Pharma: all capacity focused on COVID-19
by
Kim, Jin-Gu
Apr 06, 2020 06:26am
The GC Corporations Group says ‘all hands on deck’ to fight against COVID-19. The group has a plan to cover all—from diagnostics to preventive and treatment—with the group’s test kit, vaccine and specialized treatment. On Apr. 2, GC Pharma disseminated a press release and announced “The company would commercialize a plasma-derived treatment for patients with severe case of COVID-19 in later this year.” The press release supported a former Prime Minister and the Chair of COVID-19 Response Committee of the Democratic Party, Lee Nak-yeon’s comment regarding ‘developing a treatment within this year.’ GC Pharma introduced a plasma treatment for COVID-19 in development, ‘GC5131A’ that fractionally extracts hyperimmune globulin from blood plasma of patients who have recovered from COVID-19. Unlike typical new drug, GC Pharma expects the development of the plasma treatment would take shorter time as it only extracts hyperimmune globulin. The company said the treatment would be released in the second half of the year. However, the treatment would be used on treating patients with severe symptoms and as a preventive measure for the high-risk group due to the limited access to blood plasma of completely recovered patients and the yet-to-be confirmed treatment effect. President Heo Eun-cheol of GC Pharma commented, “The treatment is in development to treat patients with severe symptoms requiring urgent care and to prevent infection in high-risk group, such as front-line healthcare workers (through passive immunization),” and accordingly, “a clinical trial would be initiated soon to confirm the treatment effect.” GC Pharma is also in development of a COVID-19 vaccine. The company has announced on Mar. 9 that “Answering Korea Centers for Disease Control and Prevention’s (KCDC) call for state initiative against the outbreak, GC Pharma has started developing COVID-19 related vaccine and treatments.” The vaccine would be developed in subunit vaccine style. A fragment of a pathogen on a surface of coronavirus would be extracted as candidate substance and it would be mass produced through genetic recombinant technology. Compared to live-attenuated vaccine using weakened virus or germs, subunit vaccine is considered safer as it is protein-based. Besides, GC Pharma noted the vaccine would use vaccine adjuvant to boost the effect. GC Pharma’s affiliate, GC LabCell has announced it would use natural killer (NK) cell to develop a COVID-19 treatment. GC LabCell official stated on Mar. 31, the company and the U.S.-based biotech company KLEO Pharmaceuticals are collaborating on a research for the COVID-19 treatment development project. The Korean company is tentatively planning to start a clinical trial in Korea and the U.S. later this year. The project is based on a two-track approach. First, the NK cell-based COVID-19 treatment would be developed to let the cells attack the infected cells and activate other immunocytes to induce their long-term immune response. And another COVID-19 treatment development would utilize the ARMs’ function of neutralizing antibody along with NK cell’s function. Another affiliate, GCMS is well-into developing a test kit. On Mar. 23, GCMS official said “The company has signed a partnership deal to collaborate with a liquid biopsy-specialized company, Genecast.” GCMS would be in charge of commercialization, production and sales, whereas Genecast would develop the product. The COVID-19 test kit in development, 'GCare SARS-coV-2,' is based on RT-qPCR. A sample would be taken from upper and lower respiratory tract to amplify specific gene sequencing of the COVID-19 virus.
Company
FMC-Korea, names Hee-gyeong Kim as new CEO
by
An, Kyung-Jin
Apr 03, 2020 06:34am
CEO Hee-gyeong Kim of FMC-KoreaFMC Korea has replaced its representative for the first time since its establishment in Korea. FMC Korea said that it has appointed Hee-gyeong Kim as the new chief executive officer effective on April 1. This is the first time the company has replaced the CEO since the establishment of a domestic corporation in 1997. Former CEO Seong-ok Choi (65), who had worked for 23 years, retired and appointed Kim as his successor. The new CEO Kim graduated from Yonsei University and earned an MBA from Duke University. Since then, she has gained extensive experience in the domestic and foreign healthcare and medical device industries. She has held various roles in sales and marketing in Johnson & Johnson Medical Korea and Johnson & Johnson Korea Vision Care for 16 years and after that, she served as representative in Johnson & Johnson Korea Vision Care (2014-2018) and in Johnson & Johnson China Vision Care (2018-2020). When she served as CEO of Johnson & Johnson Vision Care in China, she was evaluated to have successfully built new organizational capabilities in the big data and e-commerce sectors through strengthening external partnerships. Jean DeSombre, President of FMC in North Asia, the new representative, Hee-kyung Kim, has a proven track record of success and leadership capabilities. He was convinced that she would contribute to leading Fresenius Medical Care Korea to the next level of growth.
Company
Daxas' generic by Sama succeeded in patenting
by
Kim, Jin-Gu
Apr 02, 2020 06:26am
Sama Pharm succeeded in avoiding the patent for Daxas (Roflumilast), a treatment for chronic obstructive respiratory disease (COPD). Sama Pharm's success in avoiding this patent attracts attention because large companies have failed in succession. The IPT took the side of a generic company in a trial to confirm the passive scope of the patent for Daxas that was patented by Sama Pharm against AstraZeneca on the 31st of last month. Daxas is the only oral medication used for COPD. Most COPD treatments are in the form of inhalers. However, the sales were not excellent because it is used only for severe patients. Last year, the outpatient prescription amounted to ₩900 million. Daxas, developed by Takeda, was taken over by AstraZeneca in 2015. Dong-A ST Hanmi Chong Kun Dang Yuhan Yungjin BCWorld Pharm, Ahn-gook, Boryung Daxas has received patent challenges from many domestic pharmaceutical companies. In 2015, Dong-A ST, Hanmi Pharm, Chong Kun Dang, Yuhan Corporation, Yungjin Pharm, BCWorld Pharm, Ahn-gook, and Boryung Pharm challenged. As a result, in the patent dispute that lasted for over 2 years, all pharmaceutical companies failed to attack. they were denied the claim, or withdrew theirselves. In this situation, Sama attempted a patent in May, later than other pharmaceutical companies. However, the approach method was different from the previous pharmaceutical companies. Dong-A ST, etc., challenged the formulation patent through an invalidation trial. Sama attempted to evade formulation patents through defensive confirmation trial for the scope of a right. Sama's strategy was right. Although the trial has not been released yet, it is presumed to have succeeded in overcoming some patent items in a narrower range than the invalidation trial. As a result, Sama succeeded in half done of the early launch of generic for Daxas. As the substance patent expires in July, it will be able to be a generic if it exceeds two formulation patents. This is one of the two patents that Sama succeeded. The other one is currently proceeding with trial. If Sama succeeds in evading the remaining one patent, it will be possible to release generics two and a half years before the expiration of the formulation patent (February 19, 2023).
Company
Hemlibra's indications are expanded
by
Nho, Byung Chul
Apr 02, 2020 06:25am
As a global new drug, indications & dosage standards for Hemlibra, a hemophilia preventive drug, have been expanded. JW Pharmaceutical said on the 31st, that Hemlibra (Emicizumab), which dramatically improves the convenience of administration, is additionally approved by the MFDS as a routine preventive therapy for non-antibody patients. Hemlibra is a genetic recombination drug that is a routine preventive therapy for hemophilia A caused by the deficiency of factor VIII of blood clotting. It is a first in class drug that bridges activated factor IX and factor X to restore the function of missing activated factor VIII that is needed for effective hemostasis. Following the change in the permit, Hemlibra expanded the scope of treatment to severe A hemophilia patients who did not have antibodies within a year after being approved as a preventive treatment for hemophilia A with antibodies earlier this year. Hemlibra is currently marketed in more than 90 countries, including the United States, Japan, and Germany, and is recognized worldwide for its drug effect as a first in class drug. It has already been approved for antibody patients in over 90 countries, and has been approved for prescription in non-antibody patients in over 70 countries. In addition, the indications and dosages are not limited to the existing once-weekly subcutaneous injection method, and the dosage interval can be increased at the discretion of the medical staff. All of the prophylactic treatments released so far had to be intravenously administered 2-3 times a week, but Hemlibra can be administered subcutaneously once a week, once every two weeks, and up to once every 4 weeks, dramatically improving patient dosing convenience. Helimbra is the only drug in Korea that has been approved for the prevention of hemophilia, which is administered directly subcutaneously (under the skin) rather than intravenously (intravascular). Helimbra was also designated as an orphan drug for the first time in February, as a treatment for severe non-antibody hemophilia. According to the MFDS' notice, △ diseases where the number of patients in Korea is 20,000 or less △diseases that do not have appropriate treatment methods or drugs, or only drugs with significantly improved safety or effectiveness than existing alternative drugs are designated as orphan drugs An official from JW Pharmaceutical said that the company has been continuously pushing for permission to improve the quality of life for people with hemophilia A who need treatment for a lifetime. And, since most patients with hemophilia A do not have antibodies, he expects more patients will be able to benefit from treatment by expanding the indications. The domestic hemophilia treatment market size is estimated to be about ₩150 billion (Source: the HIRA). Hemophilia is classified according to the type of insufficient blood coagulation factor, and type A hemophilia caused by the lack of factor VIII of blood clotting accounts for more than 80% of all hemophilia. As of 2018, there were a total of 1889 patients with hemophilia A in Korea, 51 patients (3%) with double antibody and 1838 patients (97%) with non-antibody.
Company
GC LabCell to develop COVID-19 treatment using NK cell
by
Lee, Seok-Jun
Apr 01, 2020 06:17am
GC LabCell is developing a COVID-19 treatment using natural killer (NK) cell. The Korean company is tentatively planning to start a clinical trial in Korea and the U.S. later this year. On Mar. 30, GC LabCell announced the company and the U.S.-based biotech company KLEO Pharmaceuticals are collaborating on a research for the COVID-19 treatment development project utilizing GC LabCell’s NK cell treatment technology and KLEO’s antibody recruiting molecules (ARMs). The project is based on two-track approach. First, the NK cell-based COVID-19 treatment would be developed to let the cells attack the infected cells and activate other immunocytes to induce their long-term immune response. And another COVID-19 treatment development would utilize the ARMs’ function of neutralizing antibody along with NK cell’s function. The initial research would be conducted with National Institute of Allergy and Infectious Diseases (NIAID), operating under the U.S. National Institute of Health (NIH), and Professor Choi Young Ki’s team at Chungbuk National University. The Korean company plans to start the first-in-human trial after June this year. GC LabCell’s NK cell treatment is a unique treatment type made from allogeneic NK cell that could be mass produced. Other NK cell treatments cannot be mass produced as it extracts the cells from a patient’s body.
Company
Samsung Epis, made a surplus of ₩122.5 billion
by
Chon, Seung-Hyun
Apr 01, 2020 06:16am
Samsung Bioepis has made a surplus for the first time since its inception. It has been in deficit every year since its inception in 2012, but it recorded operating profit of ₩122.5 billion due to the growth of biosimilars in overseas markets. Sales also grew more than twice that of the previous year. According to Samsung Bioepis' audit report submitted to the Financial Supervisory Service on the 29th, the company's operating profit last year was ₩122.5 billion, which turned to surplus compared to the previous year. It was the first surplus since it was founded in 2012. Sales Trend of Samsung Bioepis Sales by Year (Unit: KRW 100 million, Source: The Financial Supervisory Service) Since 2010, Samsung Biologics and Samsung Bioepis have been established in April 2011 and February 2012, respectively, after designating biopharmaceuticals as promising business in 2010. Samsung Bioepis' largest shareholder is Samsung Biologics, which holds a 50% stake. Samsung Bioepis recorded a deficit every year due to huge research and development costs. In the first year of 2012, it suffered an operating loss of ₩43.8 billion, and in 2015, 2017, and 2018, the loss amount exceeded ₩100 billion. By 2018, the cumulative operating loss amounted to ₩631.9 billion. In the early days of Samsung Bioepis, Samsung Biologics was invested by Samsung Group through a paid-in capital increase by allocation to stockholder, and some of them were invested in Samsung Bioepis. Samsung Biologics received a total of ₩1178.4 billion from the group through 11 paid-in capital increase from July 2011 to July 2015. Of these, ₩578.4 billion was invested in Samsung Bioepis as a paid-in capital increase method. Samsung Bioepis received a total of ₩640.5 billion in investments from the major shareholder Biogen's participation in paid-in capital increase. Since then, Samsung Biologics has invested ₩400 billion in Samsung Bioepis twice in the ₩2.25 trillion raised on the stock market in November 2016. The total amount of funds Samsung Bioepis has invested from a company is ₩1.04 trillion. The reason behind Samsung Bioepis' strong performance last year is the sales of biosimilars in overseas markets. Samsung Bioepis has launched three biosimilars, Benepali, Flixabi, and Imraldi in the European market. Samsung Bioepis Pipelines (Source: Samsung Biologics) According to Biogen's performance last year, three types of biosimilars such as Benepali, Flixabi, and Imraldi made a total of $838 million in sales last year. In 2018, sales were 35% higher than $550 million, making the highest sales ever. Biogen, the second largest shareholder of Samsung Bioepis, is responsible for distribution and sales of biosimilars in Europe. Although Benepali's sales growth slowed, Imraldi’s sales rose sharply. Benepali, Enbrel's biosimilar, posted sales of $ 486.2 million last year. This is similar to $ 485.2 million in 2018. Benepali led the growth of all biosimilars with 2018 sales up 30.9% year over year. Benepali has the largest share in Europe's Big 5 countries such as Germany, France, the United Kingdom, Italy and Spain. In the past four years, it has accumulated cumulative sales of a total of ₩1.6 trillion in the European market. Humira's biosimilar, Imraldi, posted sales of $ 184 million last year. It's more than 10 times higher than $ 16.7 million in 2018. In October 2018, Imraldi was released to major European countries such as the United Kingdom, France, Germany, Spain and Italy when Humira's material patent expired. The sales volume of Samsung Bioepis has also expanded significantly. The company's sales last year were ₩765.6 billion, more than doubled from the previous year's ₩368.7 billion. Last year's sales were close to 80% of the cumulative sales of ₩974.7 billion for 7 years from 2012 to 2018.
Company
Xeljanz to be used with caution in thrombosis patients
by
Nho, Byung Chul
Mar 30, 2020 06:18am
Among the indications for Pfizer's JAK inhibitor Xeljanz (Tofacitinib citrate), the standard for 10 mg high dose prescription of ulcerative colitis has changed. Pfizer recently changed the permission, and added that patients with risk factors for thrombosis should avoid using this drug and patients with signs·symptoms of thrombosis should be evaluated urgently and discontinued if thrombosis is suspected, regardless of efficacy and dosage. In this regard, Pfizer immediately posts the relevant contents on the product homepage, as well as black box warning processing on the package insert, sending hospitals safety letter, and regularly reporting the results of the PMS risk assessment to the MFDS in order to prevent prescription confusion and side effects. Pfizer's actions are attributable to the impact of the results of a post-marketing interim analysis of Xeljanz and TNF blockers such as Humira and Remicade . According to the analysis data, there were significant differences between 3,884 patients in the Xeljanz group (patient-years), 19 cases of pulmonary embolism, and 45 cases of death, whereas 3 cases of pulmonary embolism, and 25 cases of death per 3,982 patients in the TNF-administered group. In July of last year, the US FDA changed the license for ulcerative colitis, one of the indications for Xeljanz, from primary treatment to secondary treatment (only for patients with ulcerative colitis who have failed the existing TNF blocker). In November of the same year, the EMA also announced that it should not use 10 mg maintenance therapy twice a day with Xeljanz for patients with ulcerative colitis at high risk of thrombosis, unless there is no alternative. If high doses must be used in ulcerative colitis, it is recommended that patients at risk for embolism should not start, and that patients in risk groups should be switched to other drugs. Xeljanz is administered 5mg twice a day for rheumatoid arthritis, whereas 10mg twice a day for 8 weeks for ulcerative colitis, followed by 5mg or 10mg twice a day depending on the treatment response. Xeljanz is the first oral drug to appear in the market for rheumatoid arthritis and ulcerative colitis, which has been dominated by biologic injections for the past several decades.
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