News About: Pharm. Industry


Foreign multinational drug corporations predominated whole anti-cancer markets

According to a survey conducted by Medicalspace Co., a cyber medical information company from Aug. to Nov. last year over 20 leading general hospitals (800 beds on average) (President: Mr. LeeByung-wook, www.m...

24 drug companies penalized due to KGMP non-compliance

24 pharmaceutical companies including Taeguk Pharm. Co. found noncompliance to the KGMP to get administrative penal measures including a licence cancellation and a manufacturing suspension. To prepare forthcoming i...

Drug industry induced 100 mil. dollar foreign capitals.

According to "the status of foreign capital inducement in 2000" reported by the ministry of Industry and Energy the drug industry achieved 33 cases of foreign capital inducement covering about 98 million dollar in 200...

Distribution margins requested by pharmacies and wholesalers unlawful.

The KPMA made it clear that any sorts of distribution margins for medical insurance drugs solicited by wholesalers or retail pharmacies would be unlawful and any transaction thereof should be decisively treated as an ...

Drug industry to expand more bio-technology business.

Recently a bio-technology business has turned up especially boosted by the Korea Technology Exchange Corporation (KTEC) and the Korea New Drug Research Association (KNDRA). The KTEC was formed as a juridical founda...

Drug company in high efforts for their products entry into common prescription drug list.

The common prescription drug list has to be prepared by each regional medical community organization and to transfer it to the same regional pharmacist's community under the current revised medical reform program, mos...

At least 5 new drugs possibly to commercialize in 2001.

Since the first national new drug "Sunpla" being commercialized by a local drug research company in 1999, other domestic new drugs are following on. It is foreseen that at least 5 new drugs will be commercialized ...

Drug claim system to be activated

So called "Drug Claim" system seems to be activated recently, which alerts to the drug manufacturers. According to the system any problems related with drugs are immediately reported to the representative or the produ...

Drugs performed no efficacy equivalent test to be cancelled.

A drug registration seems to be cancelled unless its efficacy equivalent test be conducted until the end of year 2002. It is therefore predicted that about half of oral and suppository drugs may be forcefully expelled...

Drug industry controls supplies to prevent possible returns.

A false market demand especially for prescription drugs at pharmacies happened for 3 months immediately before and after the implementation of the government's new medical reform programs effected from Aug. 1, this ye...

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