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Korean drug price reform imminent

A new wave of price cuts for drugs is speculated to be imminent in Korea, which has stirred up concerns among drug makers, multinational and domestic alike. Rumors have spread that the Ministry of Health and Welfar...

More tax exemptions set for R&D spending

Korea seeks to expand tax exemptions for corporate investment in research and development (R&D) as part of efforts to stimulate state-run and private companies’ R&D spending in the era of free trade agreements (FTAs)....

1,000 students take eligibility test for pharmacy school

A total of 1,000 university students took the mock Pharmacy Education Eligibility Test (PEET) on January 30, according to the Korea Institute of Curriculum and Examination. Overall level of the trial examination wa...

New quota plan for hospital pharmacists from next year

The Ministry of Health and Welfare Affairs has recently revised the enforcement regulations of the Medical Law including new quota for hospital pharmacists. Under the revised laws to be effective from 2011 by phase...

Samil invites foreign CEO

Samil Pharm said on January 29 that it has appointed Indian-born Villur Sundararajan Ram as its new chief executive officer. Samil official said it is Korea's first pharmaceutical company to choose a non-Korean nat...

KFDA to issue caution over prescription of weight loss pill sibutramine

Doctors will be advised to restrain the prescription of the controversial anti-obesity drug sibutramine in patients with cardiovascular disease, according to the Korea Food and Drug Administration. The measures com...

Delayed pharmacy school selection triggers suspicion

The Ministry of Education and Human Resources Development will announce a list of candidate universities to open new pharmacy schools as well as its greater enrollment quotas at existing ones in the middle of this Feb...

Congenital heart defects top 45% in new babies with congenital disorders

The incidence of congenital heart disorder (CHD) in Korean babies accounted for 45% of the new births with congenital defects in 2006, a government report said on January 27. According to the report, almost half th...

Neuronex gets US FDA GLP certification

Local biopharmaceutical firm Neuronex Co. has recently passed the GLP (Good Laboratory Practice) skin irritation test of the US Food and Drug Administration over its new topical treatment for Raynaud's disease, accord...

Suh Kyung-bae renamed as head of Korea Cosmetic Association

AmorePacific CEO Suh Kyung-bae has recently renamed as chariman of the Korea Cosmetic Association (KCA), company representatives said. Seo was reappointed to lead the regional body for his fullest support to improv...

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