News About: Pharm. Industry


KPMA said no drug price reduction unless provisions amended.

On the first courtesy visit to the new Minister of MOHW on June 2 the KPMA explained difficult situations of the drug industry and serious concerns about the government drug insurance price policy, and strongly asked ...

Foreign drug companies strongly opposed against insurance pricing policy on imported drugs.

The foreign pharmaceutical corporations having their business in Korea expressed a total backlash against the MOHW insurance reimbursement price policy on the imported drugs, reducing the existing market prices of imp...

Pharmaceutical industry management appears in both extremes.

The local pharmaceutical industry has tried to transform their business management into more structural solidity by means of a brave investment for the R&D of new drug discovery and the company restructuring process i...

Drug industry in predicament to Drug Efficacy Equivalency procurement.

The pharmaceutical industry now faced with difficult situation as to how to secure the drug equivalency in line with the pharmacist's substitution in dispensing physician's prescription with other equivalent generic d...

Economic cooperation between South and North Korea in pharmaceutical trade seems to realize.

The Korea Pharmaceutical Trade Association made a press interview on May 17 and explained the pharmaceutical economic cooperation program having proceeded between the South and North Korea. In the press meeting, it wa...

Strategic business tie-up for survival prevails in drug industry.

A scope of strategic tie-up for company survival among domestic drug industries went ever expanding to not only R&D but also marketing and distribution activities, thus the low cost with high efficient management ...

Big changes in Seoul drug wholesale markets predicted.

Daegu Dongwon Drug company (Chairman: Hyun Soo-whan) established its subsidiary in Seoul named "Seoul Dongwon Drug Co." and took an inauguration ceremony on May 10. Now, Dongwon has 5 nationwide wholesale branches at ...

Strengthening of competitiveness in Korean pharmaceutical industry

-How to restructure the pharmaceutical industry. Chung Doo-tche The head The Medical and pharmaceutical industry unit. ...

Name of KRPIA needed to change.

In response to the application for establishment of juridical corporation filed by the KRPIA (Korea Research Based Pharmaceutical Industry Association) the MOHW rejected its approval on April 23 on the ground that the...

KPMA asked MOHW for price reduction against bidding at dumping prices.

The KPMA took a top executive meeting on April 28 and agreed that an immediate request recommended by the Drug Trade Order Commission on April 21 for all price reduction against the products having participated in the...

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