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Daewoong Pharma Ends Southeast Asia Supply Contract With Abbott

By Public Technologies
  • Daewoong Pharma terminated its KRW 69.23 billion remaining supply contract with Abbott Products Operations, effective Feb. 28, 2024.
  • The agreement covered exclusive sales of pitavastatin calcium tablets in four Southeast Asian markets.
  • Both parties agreed to terminate amid weak local sales and inability to maintain Korean product authorization.
  • The contract ran from Nov. 2, 2016, to Nov. 2, 2026, with an original value of KRW 72.8 billion.
  • Sales and upfront and milestone payments totaled KRW 3.57 billion, representing 4.91% fulfillment of the original contract.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Daewoong Pharma published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261102800892), on November 02, 2026, and is solely responsible for the information contained therein.

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