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Medica Korea wins lawsuit

Seoul Central District Court ruled against the National Health Insurance Corporation (NHIC) non February 5 in a lawsuit filed against Medica Korea seeking redemption of medication costs for fabricated bioequivalence t...

Bill proposed to fine doctors for illegal rebate

A bill seeking to punish doctors and pharmacists for their illegal rebate is proposed, a lawmaker said on February 4. Under the proposed bill, doctors or other healthcare personnel who are found to accept gifts, ca...

Two drug makers fined for illegal rebate

The Korea Food and Drug Administration said on February 4 it has meted out administrative dispositions to two pharmaceutical firms for illegal rebate activities. The national health watchdog ordered Kolon Pharm and...

New flu related prescriptions down sharply

The daily drug prescriptions for new Influenza A (H1N1) infections have been in downward trend from last December to January 30 this month. Pharmacists said the daily average prescriptions were issued by 20,000 but...

Merck Serono Korea to provide practical training

It is vital that a medical representative knows just how to go about selling his product/service. And a training program organized by the company he works for will help him get oriented to the product and its benefits...

Safety profile of sibutramine to be independently determined in March, KFDA says

In view of latest studies suggesting higher risk of heart diseases, the Korea’s health watchdog will independently assess the safety profile of sibutramine next month, apart from the decisions in foreign countries. ...

Government urged to boost generic drugs

Generic drugs have long been the competitive edge for local makers, but even they are set to lose steam once the government has expressed a strong will to crack down on pharmaceutical firms offering rebates starting D...

Omega-3 fatty acid products to fall sharply this year

Local makers of Omega-3 fatty acid products say the production this year will decline sharply due to a supply glut in the industry. The sharp decline is entirely attributed to the overproduction last year due to th...

Daewoong seeks overseas expansion

Daewoon Pharm is expanding its overseas business to enlarge and diversify its customer base while creating opportunities to improve their products through cooperation with foreign firms The company, which already e...

Park named vice president of Choong-wae Pharm

Park Goo-seo, incumbent head of Management Assistance Team, was named vice president for Choong-wae Pharm on February 3. The company said overall management will be handled by Chairman Lee Chong-ho, Vice Chairman L...

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