News About: Pharm. Industry


Backlash to massive drug price slash for items on appeal.

The drug industry sharply resists against the government's massive price slashes particularly for the items that earlier raised appeals, claiming that the government decision was measured without paying any considerat...

Seoul Court of Administration Throws Out Case Filed by Choseun Pharmaceutical Corp.

The Seoul Court of Administration issued a final judgment on September 13 throwing out the appeal filed by Choseun Pharmaceutical Corp. in connection with the administrative measure made against it by the Korea Food &...

Pharmaceutical Companies Under Obligation to Report in Advance for Supporting Society

Pharmaceutical companies should report the purpose, schedule, location and the number of participants 10 days in advance to the Korea Fair Competition Bureau to support the society, and strong measures will be taken s...

Ildong Pharmaceutical Company Exits From Workout Program After 34 Months

Ildong Pharmaceutical Company has gotten out of the workout program 34 months after it was placed under the program by the Korea Development Bank (KDB) in December 1998. According to the KDB a documentary resolu...

Bio Venture Firm Crosses Great Wall of China

A bio venture firm has successfully crossed the Great Wall of China. Biopharm, which develops an oral type of gastritis vaccine, signed a general marketing cooperation agr...

Long-Term View Required for Investment in Biotechnology Research

Suggestions have been forwarded to make a steady investment in biotechnology research with a long-term view of 10 years ahead instead of pushing things in a hurry to achieve the...

Insured Price of Glivec Set at 25,000 Won on Condition of 30% of Complementary Donation

The insured price of Glivec, which has attracted attention as a treatment for marrow-type chronic leukemia, has increased to 25,000 won on the condition that 30% of the quantity of the drug would be donated to patient...

Hot Competition to Cover C-TRI, Pre-Listed Company at Kosdaq

C-TRI, a bioscience corporation due to be listed at Kosdag, has been receiving so much attention from the media after being acknowledged for its growth potential. Public opinion indicates that the significant at...

Terrorist attacks in America no impact over domestic drug industry.

The terrorist attacks in American may not give any impact to the local drug industry, foresaw an expert. Amid overall collapse of the stock prices in Korea, the pharmaceutical company stocks will be kept with a sound ...

Collection discounts not recognized but reflected in drug price reduction.

A part of local pharmaceutical companies are conducting a certain rate of collection discounts with their customers for earlier credit payment, but the MOHW and the NHI authorities raised many arguments over this prac...

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