All Type of News
Health insurance allowance possible for Galvus
The Ministry of Health, Welfare and Family Affairs said that the national health insurance has covered Galvus (vildagliptin), a new oral treatment for type 2 diabetes from February 1. The insurance price of Galvus 50 ...
Wholesalers all-out to maintain proper margin policy
Domestic pharmaceutical wholesalers are finding it increasingly difficult to boost their bottom line amid drugmakers’ intention to slash wholesalers’ margin and stiffer competition.
GlaxoSmithKline has recently not...
KFDA to open patent website for 70 drugs
The Korea Food and Dug Administration plans to open its patent information website “Patent Infomedix” for small- and mid-sized pharmaceutical companies to get easier assess to various patent information of 70 medicine...
Ex-KFDA director becomes Hanmi vice president
Kim Yeon-pan, former director of the Korea Food and Drug Administration, was named vice president of Hanmi Pharm, the company’s spokesperson said on February 4.
Kim, 62, will head three departments – development, c...
Ur to be renamed KPMA head
Ur Choon-sun, the incumbent chairman of the Korea Pharmaceutical Manufacturers Association, is likely to be renamed as the next chairman, according to sources.
In a meeting on February 5, the KPMA’s advisory commi...
Falling won affects drugmakers
The won's freefall against the dollar is taking a toll on the local pharmaceutical industry, which is suffering difficulties caused by the drastic decline in the local currency's value.
The combined turnover of 14...
Card firms face growing calls to cut fees
The Korean Medical Association plans to step up pressure on credit card firms to slash fees they levy on clinics, threatening to raise a public campaign against card firms unless their demands are met.
To that end,...
Research-oriented pharmaceutical firms set eyes on overseas markets
Korea’s research based pharmaceutical firms – LG Life Sciences (LGLS), Hanmi Pharm, Ilyang Pharm, Dong-A Pharm and Donwha Pharm, are going all-out to make inroads into foreign countries as the domestic market shows cl...
Lee Han-woo elected chairman of wholesalers association
Lee Han-woo has been elected as chairman of the Korea Association of Pharmaceutical Wholesaler on his pragmatic platforms to support mid-sized wholesaling firms.
Lee was in a competition with Hwang Chi-yeop, the in...
National Pension Fund likely to make less investment in pharmaceutical shares
With the Capital Market Consolidation Act going into effect on February 4, experts said that the National Pension Fund will invest less in local pharmaceutical, fashion, papers and insurances shares.
Sources say th...
