Daewoong Pharmaceutical

Daewoong Pharmaceutical Co., Ltd (Korean: 대웅제약) is a Seoul, South Korea-based bioengineering company operating as a subsidiary of Daewoong Co., Ltd., a global health care group.[1] Daewoong Pharmaceutical primarily engages in the manufacture of pharmaceutical products in South Korea, including prescription and over-the-counter healthcare products.

History

1942Founded as Kawai Pharmaceutical Company[2]
1961Changes its name to Daehan Vitamin Industrial Company, Ltd.[2]
1973Listed on the Korea Stock Exchange (KSE).
1978Changes its name to Daewoong Pharmaceutical Co., Ltd.
1985Daewoong Medical Founded. It became a Total Medical Supplier with compounded annual growth rate of 60% (1985-1995).
1990Won an “Excellence in Sales & Marketing Award” from DuPont Medical.
1995Establish a joint venture with Takara Belmont.
2001Developed Medicanvas (UL & CE certified), the first and only X-ray film viewer using TFT LCD backlight technology.
2002Co-Marketing with Ezmedicom, a medical B2B service provider which provides e-procurement system to clients. It also acts as a purchase agent supplying medical equipment and disposables to general and small scale hospitals.

References

  1. http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=069620:KS
  2. Takezawa, Shinʼichi (1986). In quest of human dynamism. Asian Productivity Organization. p. 227. ISBN 978-92-833-1087-7.
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