All Type of News
Company’s preference to ethical business hurts OTC salespersons
Drugmakers are seeking a breakthrough in their sluggish sales by promoting hospital-oriented salespersons while ignoring the morale of OTC salespersons.
Analysts say pharmaceutical firms' keen attention in the hosp...
Dong-A embarks on antibiotic production at new plant
Dong-A Pharm said on April 2 it has completed a new GMP plant producing epirubicin and other antibiotics.
The plant was built on some 3,000 square meters of land at Banwoel Industrial Complex of Ansan City and its ...
Daewoong wins Albis patent dispute
Daewoong Pharm is expected to achieve more stable revenue in the sale of Albis, a ranitidine product plus bismuth and sucralfate, by winning its patent dispute.
The Korean Intellectual Property Tribunal ruled on M...
Hyundai Pharm seeking higher share in OTC market
Hyundai Pharm is churning out its customer-friendly OTC products in the domestic OTC market amid business slumps.
These products include a multivitamin supplement, a liver protectant and nutritional supplement con...
Medication costs top 9.5 trillion won in 2008
The national health insurance spent 9.5 trillion won last year to cover medication costs for its subscribers, up 55 percent compared with 6.1 trillion won in 2004, according to the National Health Insurance Corporatio...
HIRA to look into dumping acts in hospital bidding
The Health Insurance Review and Assessment Service said on April 1 that it will look into problems from the current hospital tenders in terms of competitions laws.
In a recent meeting with eight executives from the...
Geoyoung to concentrate on drug logistics business
Geoyoung Group plans to transform it into one of the largest logistics enterprises by separating its sales unit from its logistics businesses from next month.
To this end, Geoyoung has established a new corporation...
Elder son named Hanmi Pharm chief
Lim Chong-yun, the first son of Hanm Pharm Chairman Lim Sung-ki, has been appointed president of the company.
Lim was elected as president of Hanmi at the last general shareholders meeting.
He has served as pres...
Boram acquires Newgex
Boram Pharm announced on March 31 that it has acquired Newgex, Inc., a local biopharmaceutical company and that this acquisition will add growth momentum to Boram’s research and development projects.
The merged co...
Government seeking to punish rebate takers and givers
The government will step up its fight against rampant illegal rebate practices, under which doctors and pharmacists receive money from drug makers in return for prescribing or recommending their products.
Illegal ...
