The fourth quarter marked a continuation of weak earnings for many major South Korean pharma firms, hurt by factors including the continued impact of a long-running doctors’ protest against medical reforms at home, as well as a strong US dollar amid political uncertainties in Korea.
Korea Q4 Roundup: Overseas Sales, M&A Provide Growth Amid General Weakness
Hanmi Dispute Finally Ends
Several major South Korean pharma firms benefited from solid sales of new drugs, and in some cases M&A deals, outside the country, although overall growth was generally weak. Meanwhile, a long-running leadership dispute at Hanmi has been resolved.
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