Latest news with #Daewoong
Korea Herald
2 days ago
- Business
- Korea Herald
Daewoong partners with Sweden's Salipro to boost drug discovery
Daewoong Pharmaceutical on Wednesday announced a strategic research partnership with Swedish biotech company Salipro Biotech to jointly develop next-generation therapeutics targeting membrane proteins. Under the agreement, Salipro will provide Daewoong access to its proprietary Salipro Platform, a technology that stabilizes membrane proteins in a near-native environment, making them more accessible for drug discovery. Membrane proteins are involved in essential cellular functions and account for over 60 percent of known drug targets, yet their structural instability in lab conditions has long been a barrier to research. The partnership is Salipro's first with a Korean company and follows previous collaborations with major pharmaceutical firms including Boehringer Ingelheim, Sanofi and Sumitomo. Daewoong views the alliance as a key step in its open innovation strategy, aiming to bolster its global competitiveness and lay the groundwork for potential overseas licensing deals. 'Our partnership with Daewoong marks Salipro's first collaboration with a Korean company, making it especially meaningful,' Jens Frauenfeld, CEO of Salipro Biotech, stated. 'The Salipro platform enables research on previously inaccessible target proteins and is expected to unlock new possibilities in global innovative drug development.' Park Seong-soo, CEO of Daewoong Pharmaceutical, added, 'We expect that the Salipro platform will enhance our access to challenging membrane protein targets and accelerate our drug discovery efforts. Through an open collaboration strategy, we will continue to develop globally competitive new drugs.'
Korea Herald
05-06-2025
- Business
- Korea Herald
Daewoong launches Nabota in Qatar, strengthens K-beauty in Middle East
Daewoong Pharmaceutical has officially launched its botulinum toxin product Nabota in Qatar, further strengthening its expansion into the Middle Eastern market, the company announced Thursday. The launch was marked by a symposium in Doha on May 30, where Nabota's entry into the Qatari market was formally announced. With this addition, Nabota is now available in all three key Gulf countries at the heart of the K-beauty trend: Qatar, Saudi Arabia and the United Arab Emirates. These nations represent high-potential markets, due to their high per capita income and growing interest in cosmetic and aesthetic procedures. Qatar, for example, had a per capita gross domestic product of around $80,000 in 2024, and demand for premium botulinum toxin products is rising quickly. According to Daewoong, the Qatar launch symposium attracted around 200 local medical professionals. 'Nabota is distinguished by its rapid and precise effects, making it the ideal product for Nabolift procedures that not only reduce wrinkles but also refine facial contours and expressions," Koo Bon-cheol, director of Naeum Dermatology and a featured speaker at the event, said. 'Given the limited number of botulinum toxin products currently registered in Qatar, the event highlighted the strong interest in Nabota among Middle Eastern health care providers,' Abdulkader Ramo, general practitioner from the UAE said. Meanwhile, Daewoong Pharmaceutical has also developed Nabolift, a proprietary technique that uses microinjections of botulinum toxin to promote lifting, reduce wrinkles and stimulate collagen production. The company plans to launch marketing campaigns across Qatar and the UAE that highlight differentiated procedures like the Nabolift, while strengthening its partnerships with local collaborators. 'The launch is meaningful in that it establishes Qatar as a new strategic foothold in the Middle East,' said Yoon Joon-soo, head of Daewoong's Nabota Business Division. 'We plan to further expand across the region by leveraging Nabota's high-quality performance and our exclusive treatment methods like Nabolift.'
Korea Herald
18-04-2025
- Health
- Korea Herald
Daewoong expands type-2 diabetes treatment Envlo to Latin America, Russian markets
Daewoong Pharmaceutical said Friday that it has submitted regulatory applications for its type 2 diabetes medication Envlo (enavogliflozin) in seven countries, including six in Latin America — Costa Rica, Honduras, the Dominican Republic, Panama, El Salvador and Guatemala — as well as Russia and the other members of the Commonwealth of Independent States. Envlo is Korea's first domestically developed SGLT-2 (sodium-glucose co-transporter 2) inhibitor, a class of drugs that lowers blood sugar by promoting the excretion of glucose and sodium through urine. In addition to glycemic control, the drug has shown benefits for blood pressure, kidney function, cardiovascular health and weight management. Clinical trials have demonstrated that Envlo outperforms global competitor dapagliflozin in key indicators, including glycated hemoglobin (HbA1c), fasting blood glucose, urinary glucose-to-creatinine ratio (UGCR) and insulin resistance (HOMA-IR). According to pharmaceutical market research firm IQVIA, the diabetes treatment market in Latin America and the region encompassing Russia and the Commonwealth of Independent States reached a combined 7 trillion won ($4.9 billion) in 2023. The SGLT-2 inhibitor segment, which includes Envlo, saw especially rapid growth — doubling in Latin America and rising 142 percent in Russia and the other CIS members. In response to this demand, Daewoong is accelerating its global rollout. Envlo is now registered or under regulatory review in 19 countries. 'Our goal is not just market expansion but delivering innovative diabetes care globally,' said Daewoong CEO Park Seong-soo. 'We are committed to strengthening Envlo's presence and achieving our vision of entering 30 countries by 2030.'
