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Multinational drug manufacturers’ revenues up, profit down
28 foreign-invested firms, except for Pfizer Korea, Janssen Korea and Boehringer Ingelheim Korea, saw their revenues jump last year, but their ability to generate cash from a variety of operating activities fell on wo...
Bausch & Lomb Korea spends 19.9% of revenue on promotion
Details of multinational drug manufacturers’ spending revealed on April 13 show that Bausch & Lomb Korea spent 19.9 percent of its annual sales on advertisements and entertainment, or 4.1 billion won last year.
In ...
Government seeking to stabilize national health insurance finance
The government has been seeking to reduce overall drug prices by 20 percent to help the national health insurance system and its subscribers cut down their financial burdens.
Last year, the system paid 11.7 trilli...
Gov’t seeks to revise laws to punish rebate takers, givers
The government has unveiled its fight against chronic illegal rebate practices whereby doctors and pharmacists receive money from drug makers in return for prescribing or recommending their products.
The wholesale...
Government to run 24-hour emergency care system
Aimed at reducing the nation`s death rate of emergency patients suffering from cardiac arrest, cerebrovascular disease and burn from the current 33 percent to 25 percent by 2012, the government has recently announced ...
Doctors acts to cut pill prescriptions
Doctors are launching a campaign to reduce unnecessary pill prescriptions at medical clinics and hospitals, according to the Korean Medical Association (KMA).
KMA officials said the lobby group has encouraged hospi...
Pharmaceutical wholesalers fared well
Pharmaceutical wholesalers saw their revenues and profits jump on strong market demand last year amid overall business setback.
Ten wholesalers exceeding 200 billion won in sales accounted for 26.8 percent of total...
KFDA to elucidate possible link between sibutramine therapy and adverse events
The Korea Food and Drug Administration says it will reach a conclusion on safety of sibutramine by next month after full review of clinical data from the Sibutramine Cardiovascular Morbidity/Mortality Outcomes in Over...
Rules on drug sales should be eased, KDI says
Over the counter drugs, such as digestive pills that don't need a doctor's prescription, could be sold at supermarkets in the near future, and people without a pharmacist's license may also be allowed to run pharmacie...
KFDA recruits 77 staff
The Korea Food and Drug Administration said it has recruited a total of 77 staff to prepare for its transfer to Osong, North Chungbuk Province in November.
The new workforce with master's or Ph.D. degrees in pharm...
