News About: Pharm. Industry


Domestic companies called to a bout on insecticide market with foreign invested firms.

3 domestic drug companies, Kukje, Kwangdong and Samhyup Boopum, are launching their new products to the insecticide markets, and 3 foreign invested companies, Bayer, Johnson and Crorax seemed to take a market leaders...

Strategic business tie-up surged between local and foreign invested firms.

A strategic cooperation between domestic and foreign invested drug companies has surged to a remarkable progress these days for an exchange of their business strengths, being reciprocated with strong and nationwid...

Administrative punishment over Ferritin fraud to be executed as determined.

(Newsflash) The KFDA plans to execute the administrative punishment over the illicit Ferritin preparations and continue the investigation of illegal drugs although the relevant drug makers expected at least a chanc...

Daewoong Chemical stocks to put on bourse in Sept.

Daewoong Chemical Co. (President: Moon Soon-ku), a pharmaceutical raw material producer currently enjoying a rapid growth announced to put their stock into the public stock market around coming Sept. The paid-in c...

Drug industry resists against price slashing policy as government administrative oppression.

A recent government movement of overall 30% price down for insurance drugs ran into a strong resistance by the drug industry, who was claiming it as an administrative oppression of no reasonable economic consideration...

No quality problems of Ferritin additive substances.

The drug industry sharply criticized the recent KFDA administrative measures against the OEM product of Ferritin preparation, saying that the KFDA announcement in public rather created a lot of confusion problems and ...

Local drug production in 2005 predicted to 18,300 billion Won.

Professor Kwon Soon-won, Duksung Women University, recently reported his paper titled "A promotional strategy of Korean health industry", saying that the growth potentiality of drugs showed far higher than cosmetic, m...

KRPMA inaugurated its main operation.

Chairman: Mr. P. Lee of MSD, Standing Chairman: Mr. Shim Han-sup. The KRPMA took the inaugural meeting at Chosun hotel on March 10 in presence of representatives from about 30 member foreign invested companies and ...

EU Chamber of Commerce urged overall reform pharmaceutical affairs system.

The Pharmaceutical and Intellectual Property Rights Commission of the EU Chamber of Commerce stationed in Seoul officially called for a full opening and overall reform of the pharmaceutical industrial environment, as ...

Listed pharmaceutical companies recorded worst business operation in 1998.

After the IMF economic crisis the business management of 23 leading listed pharmaceutical companies appeared with the lowest sales and extremely deteriorated profits during 1998 fiscal year ending at Dec. 31. (refer t...

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