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Acetaminophen syrup receives price hikes to meet demand

By Chon, Seung-Hyun | translator Kim, Jung-Ju

23.12.27 12:10:53

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Setopen Suspension & Children's Tylenol Liquid Oral Suspension prices set to increase by 55%, starting next month.

Cumulative prescription sales of the two suspension formulations in Q3 totaled 1.9 billion won, a five-fold expansion in two years.

Within a year after price increase for tablets, suspension formulations also receive a price hike¡¦ yearly increase of 800M won in prescription sales is postulated.

Starting next month, the maximum reimbursement prices for two acetaminophen suspension formulations will be increased by over 50%. The price hike follows the government¡¯s decision to implement measures aimed at encouraging pharmaceutical companies to expand volume of acetaminophen production. Currently, there is a continuous demand for the drugs due to a high number of patients with influenza and the common cold.

Following the drug price increase for pill-type acetaminophen monotherapy last year, suspension formulations have now joined the list of drug receiving pricing increases within a year. The drug pricing increase in acetaminophen suspension formulations is expected to lead to an annual increase by

Chon, Seung-Hyun(1000@dailypharm.com)
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