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Rapid adoption of AI in developing new drugs ahead of Fourth Industrial Revolution

Ahead of the Fourth Industrial Revolution, Korean and foreign pharmaceutical companies are quickly moving forward to utilize artificial intelligence(AI) into developing new drugs. The trend has been highlighted in maj...

Hanmi Pharm registers ‘Esomezol’

‘Esomezol,’ an acid reflux treatment developed by Hanmi Pharm, was registered at the U.S. Pharmacopeial(USP) for the first time as a Korean pharmaceutical company. Esomezol is the Korea’s first incrementally modified ...

“352 Korean clinical trials were approved in 1st half of this year”

The Korea National Enterprise for Clinical Trials(Chairman Dong-Hyun Ji, KoNETC) revealed the pharmaceutical clinical trial registration status in the 1st half of 2017 at ClinicalTrials.gov, the world’s largest clinic...

Japanese pharmas’ rapid growth in Korean pharmaceutical market

Japanese multinational pharmaceutical companies branching in Korea were analyzed to record excellent sales performances last year. Yakup Shinmoon(www.yakup.com) analyzed 2016 audit reports turned in by Korean branche...

Employees at Korean branches of Japanese pharma earn KRW 74 million per employee a year

It was observed employees working at a Korean branch of multinational Japanese pharmaceutical company earns KRW 74 million per employee a year on average, and annual wages of an employee at Takeda Pharmaceuticals Kore...

Template for financial gain & expenditure report still causes more questions in pharma industry

While getting ready for the ‘obligation of the financial gain & expenditure report’ that will be enforced from the next year, the pharmaceutical industry has raised more questions about methods of completing the repor...

“We’ll exclude unethical companies in certifying innovative pharmaceutical company”

The Ministry of Health and Welfare(MOHW) will tighten social responsibilities and ethical standards on innovative pharmaceutical companies. In response to a recent criticism “It is irrational to provide preferential ...

“It is not allowed to provide indirect rebates using support for foreign symposiums”

The pharmaceutical industry stressed importance of following the fair trade agreement and law by introducing examples of indirect provision of rebates using support for doctors on foreign symposium. It basically mean...

Sanofi eliminates a series of existing client distribution companies in Boehringer’s OTC business

It was told as Sanofi acquires the Boehringer Ingelheim’s OTC business, Sanofi stopped having businesses with a number of its existing client pharmaceutical distribution. Because the distribution companies whose busi...

Small distribution companies’ expectations to save expenses meet trend of expanding storages among medium-sized companies

Contract services have been rapidly spread in combination with current pharmaceutical distribution companies’ expansion of their distribution centers and new companies’ expectations to save expenses. According to the...

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