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Drug makers call for two-way sanctions

The Korea Pharmaceutical Manufacturers Association said that to make more transparent the way pharmaceuticals are distributed to consumers, all parties (doctors, pharmacists, wholesalers and retailers) who give or tak...

Novartis Korea Venture Fund invest $6 million to local biotech company

PharmAbcine, a specialized biotech company focused on the development of fully-human monoclonal antibodies for the treatment of cancer and inflammatory diseases, said on September 16 that it has received $6 million in...

Boehringer Ingelheim Korea release latest laxative

Boehringe Ingelheim Korea release latest laxative Boehringer Ingelheim Korea released its latest Dulcolax Balance that is designed to recover the bowel movements in people with constipation. Constipation is a ve...

Drug agency updates KGSP guideline

The Korea Food and Drug Administration said it has published a recent up-date of version for the KGSP (Korea Good Supplying Practice) guideline to ensure the proper control of drug related facilities. Under the upd...

Pharmacists start negotiation over 2010 health service fee

The Korean Pharmaceutical Association (KPA) started its annual health service fee negotiation with the National Health Insurance Corporation on September 17. Earlier, the KPA officials said the association will exe...

HIRA head becomes press target

Local newspapers have been poring over asset details of some of the wealthier members in President Lee Myung-bak's government and have argued that some may have been involved in speculative real estate investments and...

Government to get more tough against rebate

The government will step up its fight against chronic illegal rebate practices whereby drug makers who are found to offer undue rebate to doctors or pharmacists in return for prescribing or recommending their products...

Japan to lure drug makers to home market

The Japanese government is considering offering more incentives to leading pharmaceutical companies into the domestic market as the country is experiencing a “new drug lag” over the United States, said an Japanese off...

Korean researchers develop three oriental medicines

A team of Korean scientists developed three oriental medicines to combat Alzheimer’s cell dementia (LMK 02 and PM 012) and chronic renal failure (WHW), a breakthrough that may open new possibilities in the treatment o...

Seasonal flu vaccination will start from late September amid escalating flu fears

In a move to contain escalating pandemic flu fears, the Korea Food and Drug Administration says the seasonal flu vaccination will be available at the end of this month The KFDA said a total of 11 million doses of ...

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