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  • Medytox paid service fees of KRW 97.7B in 4 years
  • by Kim, Jin-Gu | translator Kim, Jung-Ju | Apr 4, 2023 05:52am
due to botulinum toxin strain ligitations
Litigation costs surged after the start of the botulinum toxin dispute
Service fees the company has paid out have been decreasing after settling on the ITC ruling in the US, but litigation risk still remains
The service fees paid out by Medytox during the past 4 years have reached nearly KRW 100 billion. Since 2019, disputes related to botulinum toxin had risen simultaneously in the United States and Korea, which led to an increase in the litigation costs and fees the company has spent.

The amount of annual service fee payouts decreased after the legal dispute in the US ended with a settlement, but with the risk of litigation in Korea and abroad still unresolved, the company has been spending more than KRW 15 billion a year in litigation fees.

¡ßCompany paid KRW 97.7 billion for 4 years since 2019 as service fees due to a surge in litigation costs

According to the Financial Supervisory Service on the 4th,
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