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(LEAD) S. Korea bans sale of 59 drugs used to treat high blood pressure

All News 16:04 August 06, 2018

(UPDATES with share price of Daebong LS)

SEOUL, Aug. 6 (Yonhap) -- South Korea's drug safety watchdog said Monday that it has banned Daebong LS Co., a local maker of valsartan, from selling and making the active ingredient meant to treat high blood pressure over a cancer-causing substance in the drug.

The Ministry of Food and Drug Safety has also prohibited 22 South Korean pharmaceutical firms from selling 59 products that contain valsartan made by Daebong LS.

The move came as some of the valsartan made by Daebong LS has been confirmed to have N-nitrosodimethylamine (NDMA) levels above 0.3 ppm.

NDMA is classified as a probable human carcinogen by the World Health Organization's International Agency for Research on Cancer.

Daebong LS makes the active ingredient valsartan after importing crude valsartan from China's Zhuhai Rundu Mintong Pharmaceutical.

Shares in Daebong LS fell 13.38 percent to 7,830 won (US$7), underperforming the broader KOSPI's 0.05 percent loss.

Kim Na-kyung, an official of the Ministry of Food and Drug Safety, explains the ministry's probe into valsartan on Aug. 6, 2018. (Yonhap)


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