Hanmi Pharmaceutical, owned by Hanmi Holdings Co Ltd manufactures and markets OTC and ethical products, and is a bulk manufacturer of cephalosporin derivatives. Its R&D focus is on the development of anticancer drugs, long-acting proteins and oral formulations. Its wholesale firm Online Pharm specializes in sales and marketing aimed at pharmacies.In September 2019, Hanmi announced that it had entered into an agreement with Silanes Laboratories to apply for licenses and to market Amosartan Q and Amosartan Plus in Latin America. At that time, Silanes planned to apply for licenses for both products in the second half of 2020 and also planned to start marketing these drugs by the second quarter of 2021 in Latin America.In April 2023, Hanmi Pharmaceutical recorded 49.6 billion net profit in the first quarter