South Korea's Ministry of Food and Drug Safety revoked Medytox's permit for producing botulinum toxin products due to its use of unapproved ingredients and fabricating test results.
The three clostridium botulinum toxin products labeled Meditoxin sold in bottles of 50, 100, and 150 units will be permanently removed from the market beginning June 25.
The ministry also ordered Medytox to recall its Meditoxin products while urging local hospitals to participate in its removal.
The ministry had previously ordered a temporary suspension of the manufacture and sales of the three products.
An investigation found the pharmaceutical company repeatedly committing the infractions between 2012 and 2015.
The ministry, however, admitted that Meditoxin does not pose significant safety risks.
Meditoxin is effective in treating facial wrinkles, muscle spasms, and overactive muscle diseases.
Medytox received its first license for botulinum toxin production in 2006 and has since become South Korea's No. 2 producer of botulinum toxin products. It only trails Hugel Inc., which manufactures Botulax.
Meditoxin, which accounts for about 40 percent of Medytox's annual sales, takes up around 35 percent of the local market.
Medytox is in a lawsuit against local drugmaker Daewoong Pharmaceutical Co. over the patents of a botulinum toxin strain, claiming that the latter's Nabota uses the same formula as Meditoxin.
The International Trade Commission will make a preliminary ruling later this month.


SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
Ford and Geely Explore Strategic Manufacturing Partnership in Europe
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 



