Daewoong Pharmaceutical became the first in pharmaceutical industry to receive AA-grade in CP evaluation
AA-grade in CP evaluation is the highest rating ever received by a domestic pharmaceutical company.
Daewoong Pharmaceutical received highest rating in recognition of voluntary compliance efforts, such as introduction of CP for internal purification and department dedicated to fair trade affairs.
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Daewoong Pharmaceutical is writing a new chapter in the history of fair trade in pharmaceutical industry.
Daewoong Pharmaceutical Co.,Ltd(President: Lee Jong-wook) announced on January 2 that it received AA grade in Korea Fair Trade Commission's Compliance Program(CP). AA grade is the highest grade ever received not only by a pharmaceutical company but also the entire industry.
CP refers to the internal compliance system introduced and operated voluntarily by companies to comply with the laws and regulations related to fair trade. AA-grade in CP signifies unparalleled excellence in the operation of CP with structural, operational, and sustainable factors kept in balance. Particularly, Korea Fair Trade Commission awards official grade certificate to companies that received ratings above A-grade.
Daewoong Pharmaceutical introduced the CP for internal purification after the Korea Fair Trade Commission's investigation in 2007. Specifically, Daewoong Pharmaceutical has been fully committed to voluntary compliance, proceeding ahead with promotion and dissemination of Code of Conduct for all employees, regular preparation and distribution of CP guideline and CEO message, scheduled/unscheduled education, internal audit, incorporation of CP regulation into company rules/regulations. Daewoong Pharmaceutical set up the Compliance Team under direct control of CEO to handle the matters related to fair trade in April 2014.
In the Philippines, Daewoong Pharma Phils Inc, has launched NABOTA. Nabota is a novel botulinum toxin that was a product of a 5 year research.
Nabota marketing strategies and sales is being managed by its country Brand Manager Chris Cachuela.
From:
www.daewoong.com
www.nabota.info