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Unlisted pharmas’s profitability continues to improve with 10.1% operating profit ratio

Mid- and small-sized pharmaceutical companies’ profitability has continuously been improved. This is because their operating profits, an index to assess earnings from business activities, was observed to narrowly inc...

Term ‘natural new medicine’ will disappear

In order to avoid misconception to ‘new drug’ defined in the Pharmaceutical Affairs Law, the term ‘natural new medicine(literal translation)’ will no longer be used. The Ministry of Food and Drug Safety(MFDS) pre-ann...

Simplified procedure for Korean medicines to register in Argentina

Jointly dispatched by the Ministry of Health and Welfare(Minister Jin-Yup Jung, MOHW) and the Ministry of Foreign Affairs(Minister Byung-Sae Yoon, MOFA) to Argentina and Brazil for pharmaceutical and medical device co...

Main cause of nasal congestion is ‘allergic rhinitis’ for nasal spray users

GSK Consumer Healthcare(GSK CH, CEO Soo-Kyung Kim) announced the respondents chose allergic rhinitis as a cause of nasal congestion in a survey on people who recently used nasal spray. In order to check awareness and...

Health insurance benefits for MSD Korea’s ‘Zepatier’ from this May

‘Zepatier,’ a MSD Korea’s chronic hepatitis C treatment, will be applied for the health insurance system from the 1st of May. MSD Korea(CEO Avi BenShoshan) announced on the 25th at a press conference that the health ...

Multinational pharmas generates annual KRW 784 million sales per employee

Korean pharmaceutical companies branching in Korea were observed to generate KRW 784 million sales and KRW 173 million operating profits per employee last year. According to the Yakup Shinmoon’s(www.yakup.com) analys...

Top 10 pharma distribution companies secures 47% of the total

Including Geo-Young, 143 pharmaceutical distribution companies were observed to have approx. KRW 2 trillion surpluses accumulated at the end of the last year. The top 10 companies secured a half of the total. Accordi...

What are presidential candidates’ stances over ‘autonomic pricing system for Korean new drugs’?

The pharmaceutical industry has paid sharp attention to leading presidential candidates’ policy promises about the health and medical industries, but there were particular promises except for The Min Joo Party’s Flexi...

Yuhan Corporation expands business into dental field

Yuhan Corporation(CEO Jung-Hee Lee) will expand the business into the dental field by acquiring Warantec, one of the Korean dental implant manufacturers. Yuhan Corporation beca...

Leading presidential candidates, “Is it necessary to expand emergency household drugs?”

Leading presidential candidates have shown negative opinions over expanding the list of emergency household drugs. The Minjoo Party, Liberty Korea Party, People’s Party, Bareun Party and Justice Party(number order) s...

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