Korea Q1 Roundup: Overseas Sales, COVID Prove Positive In Mixed Results

SK Bioscience Files For Vaccine

Among recent highlights, SK Bioscience files for approval of recombinant protein COVID-19 vaccine GBP510, Hanmi Pharmaceutical’s Chinese subsidiary continues to report strong earnings, led by cold drug sales, while Yuhan’s novel peptide drug candidate for degenerative disc disease is set to move into a Phase III trial in the US.

earnings season
SK Bioscience, SK Biopharm Unveil Ambitious Growth Strategies • Source: Shutterstock

Several major South Korean pharma firms have reported mixed first-quarter earnings, affected by varied factors including continued strength in overseas performance, solid sales of key prescription drugs and a surge in demand for cold products amid a domestic spike in Omicron infections, as well as reduced income from vaccine manufacturing deals and license agreements.

Noticeably, two SK Group affiliates - SK Bioscience and SK Biopharmaceuticals Co

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