News About: Pharm. Industry


Trend of drug ads showing rapid recovery

With a view to better enhancement for renowned brand items and positive corporate images after implementation of the new system of separating drug dispensing from medical practice, a number of pharmaceutical f...

KMPA and KRPIA divided over the methods of sponsorship for doctors

Both pharmaceutical associations, the Korea Pharmaceutical Manufacturers Association (KPMA) and the Korea Research based Pharmaceutical Industry Association (KRPIA), are split over the revision of Fair Competition Cod...

KFTC's corrective measure on excessive entertainment for doctors may trigger unlawful deals

Pharmaceutical industry sources say there are concerns that in line the collective notification for unfair business practices relates to the excessive offering of entertainment for doctors imposed by the Korea Fair Tr...

Chosun Muyak to restore its operation under payment reschedule.

Chosun Muyak seems to be revived as a new incorporation through a capital inducement after the approval of the payment reschedule in July. At present Chosun Muyak is underway of putting total efforts for the paymen...

Domestic pharmaceutical industry to defy reductions of insurance drug prices via litigation

Business sources say the domestic pharmaceutical industry plans to file its first-ever administrative lawsuit for the withdraw of the proposed reduction of insurance drug prices (to be implemented on August 1) against...

Novartis Korea to reach the final agreement on Glivec's insurance price

Novartis Korea said it will endeavor to reach a final pricing agreement of a novel anticancer therapy 'Glivec' with the Ministry of Health and Welfare (MOHW) based on the domestic insurance calculation criteria, in li...

MOST to strengthen BT business cooperations with America and Canada

Deputy Minister Yu Hee-yul of the Ministry of Science and Technology (MOST) will have a field trip to the United States and Canada from July 2 to 8 to discuss science and technology cooperations in the bio-engineering...

Split-off of LGCI into two units eyed

LGCI held its May 27 special shareholder meeting at Twintower of Yoido and resolved to separate its lifescience business. To that end, LGCI is working to take some necessary procedures and it will be separated into...

"Bio Strategy Council" set up under the President.

The Ministry of Commerce and Energy (MOCE) announced in the meeting under the presence of the bio related industry, academy and research representatives at the World Trade Center on June 27 that the bio related techno...

The first National Technology Renovation Map plan in the pharmaceutical and health arenas

The government has recently mapped out the National Technology Renovation Map plan in the pharmaceutical and health sectors as the first phase and will seek ways of stepping up support for improving the R&D new drug p...

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