- CEO
- Yoo-Seok Chung
- Full Time Employees
- 665
- Sector
- Health technology
- Industry
- Pharmaceuticals: major
- Address
- 110, Hagal-ro Yongin-si GY South Korea 17096
- IPO Date
- Aug 28, 1974
- Business
- Ilyang Pharmaceutical Co., Ltd. (007570.KS) develops, manufactures and markets a broad portfolio of branded pharmaceuticals targeting oncology, circulatory disorders, endocrine and metabolic conditions, acid-related gastrointestinal diseases, female hormones, urinary tract issues, ophthalmology, liver diseases, anti-inflammatory analgesics, digestive disorders, dermatology, respiratory conditions, neurology and nutrient infusions; key products include the tyrosine kinase inhibitor Supect (radotinib) for chronic myeloid leukemia, the proton pump inhibitor Noltec (ilaprazole) for peptic ulcers and reflux esophagitis, IL-YANG flu vaccine, antibiotics, antifungal agents, vaccines, health drinks such as Wonbi-D, cosmetics, beverages, supplements and pharmaceutical raw materials like aluminum hydroxide gel, magnesium hydroxide, hydrotalcite and almagate. The company, founded in 1946 and headquartered at 110 Hagal-ro, Giheung-gu, Yongin, South Korea, primarily serves the domestic Korean market with exports to select international regions including Russia, Armenia and Belarus through licensing agreements, and operates advanced R&D facilities focused on new chemical entities, vaccines and biologics. Recent developments encompass ongoing clinical advancements for Noltec including a phase I pharmacokinetics trial completed in August 2024 and a planned phase III trial for peptic ulcer prevention starting August 2024, sustained commercialization of Supect with approvals in China as of September 2022 and active R&D pipeline expansions in acid-related diseases and chronic myelogenous leukemia treatments, alongside a 14.3 billion won order win and equity buyback tranche update in 2025.