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Sales managers pressed to boost sales
Top sales managers in pharmaceutical firms are busy providing both hospitals and individual doctors with various sweeteners including rebates, contributions and payments of expenses for overseas trips for using their ...
Efficacy of 21 human placenta extracts to be clarified
The Korea Food and Drug Administration plans to review controversial efficacy and exaggerated advertisements of human placenta products within this year, based on clinical data and on-spot hospital inspections.
“We...
Public health insurance allowances total 2.31 trillion won in February
The National Health Insurance Corporation said on March 15 that health insurance payments last month amounted to 2.31 trillion won, down 2.9 percent from a previous month.
Outlays at pharmacies in February accounte...
Government to inject 16.7 billion won into new oriental medicine development projects
The Ministry of Health, Welfare and Family Affairs has announced that it will inject 16.7 billion won next year into projects aimed at developing new natural medicines based on established formulation of oriental medi...
Drugmakers rushing to OTC price increase race
Influenced by weakening domestic demand amid the deepening global economic downturn, the Korean OTC makers plan to increase the price of their flagship products despite concern over consumers’ antipathy.
Leading OT...
Korea Bone Bank gets investment from ePlanet Ventures
ePlanet Ventures, the world’s leading global venture capital firm headquartered in Silicon Valley, California, announced on March 14 a total of $6 million B investment in Korea Bone Bank.
Commenting on the occasio...
Names of 2,610 pharmaceutical ingredients to be standardized
The Korea Food and Drug Administration plans to standardize a total of 2,610 pharmaceutical ingredients listed in the Korea Pharmacopoeia (KP) and herbal medicines compendium.
The ingredients contained in the USP a...
Pharmacists alert over consumer complaints related to substitute dispensing
With mounting complaints over substitute dispensing at pharmacies, the Kangnam Chapter of the Korean Pharmaceutical Association took a cautious tone to encourage pharmacists to give full description about the substitu...
Kim Yoon-seob, Choi Sang-hoo elected as Yuhan presidents
Yuhan Corporation elected Kim Yoon-seob and Choi Sang-hoo as new chief executive officers of the company at the general shareholders meeting on March 13 at its head office in Seoul.
A graduate of ChungAng Universit...
Controversy brewing over Pharmaceutical Promotion Act
A controversy surrounding the enforcement of the Pharmaceutical Promotion Act is growing.
In a recent forum organized by a lawmaker, bioventure officials and some private economists argued that the special law shou...
