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Korea Q3 Roundup: Mixed Results Amid Focus On Obesity, New Drugs

Hanmi Set For Record Year

 
• By Jung Won Shin

As Korean firms report quarterly earnings, Hanmi is stepping up the development of obesity drugs, Daewoong unveils plans to boost sales of in-house new drugs, GC Biopharma’s immunoglobulin undergoes the US approval process and Ildong has set up a new R&D-focused subsidiary.

Quarterly Report
Mixed Q3 Korean Pharma Results Amid Diverse Factors • Source: Shutterstock

South Korean pharma firms reported mixed third-quarter results amid a variety of operational factors, with continued solid performances from Hanmi Pharmaceutical Co., Ltd. and Daewoong Pharmaceutical Company Ltd., while others saw earnings slow or decline.

Strong sales of in-house developed dyslipidemia and hypertension drugs continued to boost Hanmi, while Daewoong’s growth was led by

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