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Korea to boost local pharmaceutical industry
Health, Welfare and Family Affairs Minister Jeon Jae-hee said on January 19 that the health ministry will boost pharmaceutical companies’ effort to develop new drugs.
In a recent brief meeting with the heads of the...
Drug agency to enhance check of pharmaceutical products
The Korea Food and Drug Administration said on January 19 that it will improve monitoring of medicinal products that are on the market.
The drug agency also noted the current GMP (Good Manufacturing Practice) has b...
KFDA dismisses GMP certificate issued by exporting country
Korea should not recognize document pertaining to certification of GMP (Good Manufacturing Practice) which has been issued by an exporting country, the Korea Food and Dug Administration said on January 19.
It also ...
Daewoong to open R&D center in US
Daewoong Pharm said it has established its US based research and development center in Maryland.
It is a part of the company's effort to accelerate the development new drugs. The measure comes after Daewoong has co...
Korean named AstraZeneca medical advisor in Asia
Sohn Ji-woon, executive managing director of Astra Zeneca Korea, has been newly appointed AstraZeneca headquarters’ medical advisor to head the oncology sector of the multinational firm in Asia.
A graduate of Seoul...
Korean biotech firm signs $290 million deal with Roche
Digital Biotech Co., a local biotech company, said on January 19 that it has signed a $290 million deal with Roche Holding AG to transfer its candidate dementia treatment to the Switzerland based pharmaceutical giant....
Health insurance to suffer bigger deficit this year
This nation is likely to suffer from snowballing deficit due to new insurance coverage, the National Health Insurance Corporation said on January 19.
The corporation said the health insurance deficit hit 3.2 billio...
Drugmakers urged to cooperate over unified distribution issue
Local wholesalers reaffirmed its will to push up with its unified drug distribution policy.
A group of top executives from the Korea Association of Pharmaceutical Wholesalers made a visit to the Korea Pharmaceutica...
Pharmaceutical firms still offering rebates
Though the industry is striving to get rid of the rampant rebate practice, insiders remain skeptical.
“If the hospitals do not step up to root out the irregularities, rebates will always remain. Hospitals do not su...
Handok donate to Haiti relief drugs
Handok Pharm, Korea’s leading pharmaceutical corporation, says the company is joining the global relief efforts for earthquake-devastated Haiti.
Handok has recently decided to make a donation of pharmaceuticals wor...
