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Multinational clinical studies surpass Korea’s domestic trials in 2009

The number of multinational clinical trials conducted by multinational pharmaceutical companies in Korea was 202 last year, which exceeded that of trials by domestic firms (198) last year, reflecting the rapid develop...

Government’s more active role urged

The government is taking a carrot-and-stick approach to the local pharmaceutical industry, by encouraging development of new drugs with possible tax incentives on one hand and forcing two pharmaceutical firms to suspe...

Government to assess cost-effectiveness of medicines

The government will push ahead with a plan to evaluate the economic effectiveness of medicines that belong to six therapeutic categories, including hypertensive agents. In a report submitted to the National Assembl...

H1N1 vaccinations start for citizens

Doctors will start to inoculate the general public against the H1N1 flu virus between February 26 and March 6. The Central Influenza Headquarters under the health ministry says the general citizens will be eligible...

Green Cross, CGV to promote Omi Menturm

Green Cross Corp. has intensified its marketing efforts for Omi Menturm, a lip care product, in collaboration with a local multiplex theater “CGV”. The company says a total of 30,000 Omi Menturm products will be of...

Health insurance to cover cost-effective antihypertensive agents

The Health Insurance Review Agency (HIRA) has unveiled its plan to include cost-effective hypertensive drugs only into the eligible health insurance list. In a recent information session, a HIRA official said it wi...

2 trillion won fund to be earmarked for pharmaceutical companies

The Ministry of Strategy and Finance said on February 7 that it will set up a two-trillion won fund by 2015 and provide tax breaks and other incentives to make local pharmaceutical firms more globally competitive as p...

Wooridul Spine Hospital selected as top 10 world’s best hospitals

Wooridul Spine Hospital (WSH) said it has been selected as one of top 10 world’s best hospitals for medical tourists. Last month, the Medical Travel and Health Tourism Quality Alliance (MTQUA) announced a list of l...

ATGen develops detection kit for new flu infections

A local biopharmaceutical company ATGen Co. Ltd. recently announced the launch of a new influenza A H1N1/2009 (FLUAb) in providing solutions for the global surveillance of the new flu pandemic. ATGen’s new kit enab...

Oscotec completes Phase I study for novel osteoporosis drug

Oscotec Inc. says it has successfully completed Phase I clinical trial of a novel anti-bone resorbing small molecule “OCT-1547” in the Netherlands, to evaluate safety, tolerability and pharmacokinetics as an orally ad...

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