Problems at a Janssen over-the-counter plant in Korea have gone from unfortunate to very serious now that authorities there intend to pursue criminal charges. This tack means Kim Oak-yeon, CEO of the Johnson & Johnson ($JNJ) subsidiary in South Korea, faces up to three years in jail if convicted.
Life Technologies is fielding buyout offers from a competitor and a group of private equity giants, but that hasn't stopped the company from making acquisitions of its own, now snatching up a Korean distributor of reagents and lab instruments.
In what has been termed the worst pharmaceutical kickback scandal in years, 7 former and current executives of Korea's largest drugmaker, Dong-A Pharmaceutical, have been indicted for paying 4.8 billion won ($4.4 million) in kickbacks
Last week, Teva CEO Jeremy Levin promised that his company would conquer new markets around the globe. Now, Teva says it's taking its first step toward expanding in Asia.
Personalized medicine takes another step forward, as scientists from Pfizer and South Korea make progress developing a diagnostic test that can quickly and cheaply identify patients who can benefit from the company's lung cancer drug Xalkori (crizotinib).
Sigma-Aldrich is tapping the South Korean market with a deal to provide development support for active pharmaceutical ingredients for new non-steroidal anti-inflammatory drugs from a South Korean company.
The Korea Drug Development Fund has recruited another CRO to help kick-start drug development in South Korea, signing a deal with WCCT Global to help local producers get products into the U.S.
South Korea has long been touting itself as a go-to destination for clinical trials, and Icon would seem to agree, partnering with the Korea National Enterprise for Clinical Trials.
In a bid to diversify its portfolio, SK will become the second-largest shareholder of China's Xi'an Tianlong Science and Technology Co.
Catalent Pharma Solutions has teamed up with South Korea's CTC Bio to attract clients looking to market solid oral dose and controlled-release products in the U.S. and Europe.