News About: Pharm. Industry
All efforts to pour into prescription drug list.
As the revised pharmaceutical affairs law was already enforced and the determination of prescription drugs at all medical institutes proceeded into a main phase from August, most of small and medium sized drug compani...
Manufactured Medicine Imports Continue to Surge in First Half
Imports of manufactured medicine over US$500,000 continue to show an increasing trend, rising to US$150.71 million in the first half of this year, up slightly from the same period last year.
The trend is attributed...
Opposition to Revision of Actual Transaction Redemption System
The Korea Pharmaceutical Association has made a firm stand opposing the proposed revision of the actual transaction redemption system, invoking one's right to live and saying that it is a dangerous concept that could ...
NICE Rates Choongwae's Bond as BB+
The National Information & Credit Evaluation Inc. has given a credit rating of BB+ to the corporate bonds of Choongwae Pharma Corp. BB+ in its 36th main evaluation released on July 28.
Prior to this, Choongwae's ...
KRPIA Affirms Stand Against the Reference Price System
The Korean Research-based Pharmaceutical Industry Association (KRPIA) affirmed their position against the implementation of the price reference system.
The KRPIA held a press conference on the 26th at the Ministry ...
Notice to our readers
Due to summer vacation English Yakup Daily will not publish August 3(Thursday), thru August 5(Sunday), 2001.
We resume publication on August 6, 2001(Monday)
- management -
Foreign multinational company production on the sharp rise.
Many foreign multinational pharmaceutical corporations unprecedently enjoyed their business operation in Korea with their own developed branded drugs, producing a whopping stance after implementation of the medical re...
Ilyang's Affiliates 'IY P&F' Sold to Lotte
IY P&F, the affiliates of Ilyang Pharmaceutical Co., has been sold to Lotte Confectionery Co.
Ilyang Pharmaceutical Co. decided to sell off 28 percent of IY P&F's stake in Lotte Confectionery Co. amounting to 84,0...
Insurance drug price level limited to 40% of advanced countries.
The price level of domestic medical insurance drugs was merely 40.1% of the 7 advanced countries including the United States and Japan, which showed 1.1% point lower than 41.2% in 2000 and 2.7% price down on average o...
New anti-anemic products on hot market competition.
The anti-anemic drug market seems to revive with introduction of many new products. In 1999 and 2000 many anti-anemic products were withdrawn from the market along with cancellation of the product licences or manufact...
