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First Quarter Sales Reached 51.5 Billion KRW, Up 13% Year-on-Year
2023.05.15
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Daehan Nupharm recorded first-quarter sales of 51.5 billion KRW in 2023, marking a 13% increase compared with the same period of the previous year. Operating profit rose 10.6% year-on-year to 5.5 billion KRW. Each business division is strengthening its research and development activities and reflecting the results in performance. The company’s Industry–Academia–Research Center, located in the 2nd Pangyo Techno Valley, is focusing on the development of improved drugs and biopharmaceuticals. In addition, Daehan Nupharm has newly established the Future Business Division to create synergy among its human pharmaceuticals, veterinary medicines, and bio businesses. To diversify its distribution channels, the company launched several specialized brands: a general health supplement brand, an exclusive brand for veterinary hospitals, and a healthcare brand for clinics. DiNU is a health supplement line sold through online channels, with its dual-capsule probiotic product Pharaotics contributing significantly to sales growth. The veterinary hospital brand DiAnge was launched to develop and supply products “for veterinarians who protect the pets that are angels to their owners.” The new clinic-exclusive brand Dr. DiNU, launched in January, is expanding its product lineup of health supplements available only through medical institutions. Since late last year, Daehan Nupharm has been expanding its vaccine distribution business. In November, the company began sales of Korea’s only pit viper antivenom, followed by the launch of the nation’s first varicella vaccine in December. Starting this month, the company has also begun distribution of a Japanese encephalitis live vaccine, establishing a new revenue stream through vaccine sales. The company is also focusing on R&D for geriatric diseases and continues to release new respiratory, antibiotic, and cardiovascular drugs, which are contributing to revenue growth. In June, Daehan Nupharm plans to launch Newtomega Soft Capsules, a combination drug containing atorvastatin and omega-3 acid ethyl esters, which is expected to further drive sales growth. |


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