News About: Pharm. Industry
Top export item, 7-ACA bulk lost its competitiveness in world market.
A locally manufactured pharmaceutical bulk, 7-ACA, used to be the top export item but now encountered with serious problems in keeping its competitiveness in the world market due to far cheaper products available in C...
Government separation policy costs 174,700 million won to drug industry.
Complying to the government medical and pharmacy separation policy the drug industry should spend about 174,700 million won for description of individual drugs on each unit pack (162,800 million won) and performance o...
1,772 drugs found to be the most frequently prescribing items
According to a survey on the status of prescription drugs conducted by the Korea Pharmaceutical Association (KPA) with reference to the EDI informations of the Korea Medical Insurance Corporation, it was unveiled that...
Green Cross induced 100 million dollars of foreign capitals.
Green Cross made a strategic business tie-up with Rhein Biotech NV, a German multinational bio-engineering company and took a signature ceremony between Mr. Cho Ung-joon, the vice president of Green Cross and Dr. Daan...
European chamber of commerce complained non-tariff trade barrier
A press meeting sponsored by the European Chamber of Commerce (EUCHAM) stationing in Korea took place at Shilla hotel on March 2 under the title of "Report on 2000 trade barrier", criticizing that the government did n...
Drug industry earned U$12,900 thousands from overseas for royalty last year
Last year the drug industry earned about U$12,900,000 of technology sales abroad, which ranked the 3rd in value, after the electricity, the electronic and the mechanic industry according to a survey by Korea Industry ...
Drug advertising on Internet PC communication permitted.
Taking effect from coming March the drug advertising on the internet PC communication channel will be permitted, which may hit a new move in the drug advertising market.
The drug will be prohibited to manufacture if...
KPMA called for general hospitals to shorten credit terms.
The KPMA asked the general hospitals who delayed their payment to shorten the credit terms through the medical organizations such as the KMA and KHA.
After the implementation of the government new insurance drug pr...
Sales forecast of 30 leading drug companies set 17% increases on average.
The drug industry set forth an ambitious sales forecast this year with growth in double digits, the achievement of which, however, seems to be largely subjected to the upcoming medical and pharmacy separation system a...
Brisk advertising activities on OTC drgus signals business recovery of drug industry
Amid an overall economic recovery in the drug industry the public advertising activities on OTC drugs showed a rapid rising trend. The total advertising expenditures spent by 38 pharmaceutical firms including Dong-A a...
