All Type of News
OTC validation due July 1
The Korea Food and Drug Administration announced that the obligatory validation system for OTC products is to be implemented from July 1.
Under the new good manufacturing practice (GMP) rules, OTC makers, who inten...
Korean companies in race for domestic vaccine market
Green Cross Corporation and Ilyang Pharm plan to expand their presence in the 300 billion-won domestic vaccine market as demand for various vaccines has been on the gradual increase due to emergence of new influenzae....
SK Chemicals and CSL enter into technology transfer agreement
SK Chemicals and Australia-based CSL Ltd., entered into a co-development agreement related to the SK-NBP601 developed by SK, it was announced on June 25.
Under this agreement, CSL will develop the compound at its o...
Hostile takeover dispute haunts Ildong
Ildong Pharm has seen a dispute over management control between Lee Kum-ki, the incumbent chairman and largest shareholders.
Ahn Hee-tae, the second-largest shareholder and a foreign investment have led a fight to ...
State to cover cost-effective OTC drugs
The government plans to ask the national health insurance to cover only cost-effective over-the-counter (OTC) products to reduce snowballing medication costs as an increasing number of patients are taking more expensi...
OTC makers are in agony over government’s non-reimbursement plan
A red light is on for the nation's over-the-counter (OTC) makers as their insured OTC medicines will be excluded from the insurance list, under the government’s plan to control soaring health insurance expenditures.
...
Patients with chronic disease on gradual increase
The number of people who see a doctor for chronic diseases, such as hypertension and diabetes, has been increasing every year. The rise is largely attributable to changing attitudes toward chronic diseases with many r...
Wholesalers to hold rally against Samsung C&T
The Korea Association of Pharmaceutical Wholesaler will hold a rally in front of ex-Samsung chairman house to protest Samsung C&T’ Corporation’s advancement into the domestic drug logistics market.
The demonstratio...
Green Cross seeks to promote OTC promotion strategy
Green Cross Corporation plans to push for diversification of its business strategy to increase the ratio of over-the-counter (OTC) products amid deepening uncertainties in the pharmaceutical industry.
The Korea Hea...
KMPA’s anti-rebate measure drawing keen interest
Attention has been focused on the Korea Pharmaceutical Manufactures Association (KPMA)’s decision to slap a 5-million-won fine on Ahngook Pharm for taking dozens of doctors golfing on Jeju Island last month.
The bu...
