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‘Integrated 6-year curriculum’ decided at Cabinet meeting for pharmacy colleges

The regulation will be revised for all the 35 colleges of pharmacy to choose their own curriculum between the ‘integrated 6 year’ and ‘2+4 year’ programs from the year of 2022. The Ministry of Education announced del...

“We are creating infrastructure for industrial development, such as AI new drug development”

The Ministry of Health and Welfare’s(MOHW) announced they would establish foundations for improvement of the pharmaceutical industry, such as new drug development using artificial intelligence(AI), governmental suppor...

Government to support KRW 42 billion into new medical devices using AI and robotics

The government will develop new medical device technology using artificially intelligence and robotics, such as ‘AI personalized prosthetic hand’ and ‘VR-based rehabilitation device for cranial nerves.’ Ministry of S...

MOHW to stop multinational pharmas’ arrogation with global cooperation

In order to stop multinational pharmaceutical companies’ arrogation on drug price, Health and Welfare Minister Neung-Hoo Park will work with other countries’ health authorities. He meant to take on actions on what he...

“No extensive telemedicine will cross the current law”

Minister Neung-Hoo Park clarified that the scope of ‘telemedicine energization’ that has been vividly discussed in the health care world would just be what is currently allowed with ‘cooperative medical care’ under th...

GOODTCELLS succeeds in attracting KRW 5 billion from Yuhan Corporation

GOODTCELLS, a biopharmaceutical venture specializing in immune disorder therapies, announced on the 23rd that the company succeeded in attracting a KRW 5 billion investment from Yuhan Corporation(CEO Jung-Hee Lee). Y...

Pharmaceutical Product Renewal System brings down sales on pharmaceutical industry

It was concerned the Pharmaceutical Product Renewal System which started last July have impacted on pharmaceutical companies’ sales. Last July, the Ministry of Food and Drug Safety(MFDS) enforced the ‘Pharmaceutical ...

‘Succession to Pharmacy Ownership’ implemented to simplify process

Each process of transferring and buying out pharmacy ownership will be simplified as ‘succession to pharmacy ownership.’ The Ministry of Health and Welfare(MOHW) decided the ‘Partial Revision Bill to the Pharmaceutic...

Pharma industry’s concern on MFDS’s investigation on Indian ingredients

Pharmaceutical companies have been extremely worried because the Chinese Valsartan ingredient incident has not been finalized by ‘product recall,’ but led to extensive investigation. According to the pharmaceutical i...

What are more important than worrying about subject to financial gain & expenditure report between CSOs and pharmas?

The Financial Gain & Expenditure Report which will be enforced from January next year has once emphasized importance of internal and external auditors on pharmaceutical companies. It was once suggested even though su...

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