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THE INVESTOR

Bio & Medicine

Hanmi Pharma chairman apologizes for delayed disclosures

  • PUBLISHED :January 04, 2017 - 13:52
  • UPDATED :January 04, 2017 - 15:08
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[THE INVESTOR] The chairman of Hanmi Pharmaceutical on Jan. 2 apologized that the company had deliberately delayed the sensitive disclosures which caused a steep drop in share price and sparked financial authorities’ investigation.

“As chairman, I am ashamed and apologize (for the incident),” Chairman Lim Sung-ki said at the firm’s employee training center in Cheonan, South Chungcheong Province. 

This is the first time Lim has publicly mentioned the situation directly.

“All the excitement about ‘Hanmi legend’ and inexperienced workers led to the situation,” he said.

The drug maker came under fire for making official disclosures belatedly on terminating its license partnerships with Boehringer Ingelheim and Sanofi in July and November, respectively.

Hit by such missteps and other license deal setbacks, Hanmi shares have plunged over 60 percent in the past six months.

Lim urged his employees to restore trust by adhering to basic principles.

“Commitment is important to cooperate with global pharmaceutical companies to develop new drugs,” he said.

By Park Han-na (hnpark@heraldcorp.com)

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