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Generic battle to be intensifying over Lipitor and Zocor
With many global makers' blockbuster products coming off patent, the race for generic statin market in Korea is set to be in full force this year.
The Korean statin market is estimated to be worth a massive 403.8 b...
Pharmaceutical stocks to draw attention
Pharmaceutical stocks are expected to draw keen attention from investors in the stock market, analysts said.
The expected passage of local pharmaceutical industry development act will boost Korean companies’ effort...
Hanmi releases simvastin CR tabletsHanmi Pharm said on February 2 that it has launched its new simvastin controlled-release (CR) 20 mg tablets, followed by its best-selling second simvastin series.
According t...
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Kim Yoon-bin named as global partnership head of NITDNovartis Korea said that Kim Yoon-bin, Novartis’s venture fund manager, was appointed as head of Global Partnership, Novartis Institute for Tropical Diseases (NITD) as of Februa...
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Yuhan outperforms Hanmi in sales
With disclosure of major pharmaceutical firms’ business performance last year in regulatory filings, Yuhan Corporation bulked up its market cap to 592.7 billion won last year, up 23.5 percent from the previous year, w...
Health ministry urged to lead R&D projects
Pharmaceutical analysts are voicing hopes about the health ministry’s plan to boost the domestic development of new drugs, as part of follow-up measures to the free trade agreement (FTA) signed with the United States....
Cabinet approves tax cut on entertainment expenses
The Lee Myung-bak administration approved during a Cabinet meeting on January 29 a measure to expand the scope of entertainment expenses.
Under the plan, enterprises will benefit from tax cut on wedding or funeral ...
Sunset provision set to apply to health and medical regulations
A presidential advisory panel on January 29 announced plans to expand the "sunset" rule to all domestic statutes, orders and programs, including medical and pharmaceutical matters to boost efficiency and government ac...
Government to expand health insurance coverage for rheumatoid arthritis
Patients with rheumatoid arthritis, who are found to be positive in serum test, will benefit from more health insurance coverage from this month, according to the Ministry of Heath, Welfare and Family Affairs.
Acco...
Government supports drug development to counter FTA
The government plans to increase its spending on the development of new drugs, as part of follow-up measures to the free trade agreement (FTA) signed with the United States.
The Ministry of Health, Welfare and Fam...
