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Re-assessment of drugs’ economic effectiveness should be reserved, KPMA says

The government will have to delay its re-assessment plan over 3,000 medicines this year in the midst of business downturn, the Korea Pharmaceutical Manufacturers Association said in a statement. In the statement co...

Han Sang-hoi reelected chairman of Seoul Wholesalers Association

Han Sang-hoe, an incumbent chairman of Seoul Wholesalers Association, has been reelected as SWE’s chairman, it was announced on January 20. Han was in a competition with Nam ...

Samjin launches donepezil tablets

Samjin Pharm said it has launched Neutoin (donepezil) for treatment of Alzheimer’s disease. Donepezil is used to increase cortical acetylcholine. It has an oral bioavailabili...

Shinpoong breaks ground for cephalosporin plant

A ground-breaking ceremony for construction of a new cephalosporin plant was held in Osung complex of North Chungcheong Province on January 16, according to Shinpoong Pharm. The company said it will invest 33.0 bil...

KFDA to attain judicial binding power

The Korea Food and Drug Administration plans to launch its own squad with both investigation and indictment rights, according to pharmaceutical sources. The KFDA squad would crack down on those distributing or trad...

KFDA to delay final decision of IPA safety

It will take time to decide the safety of isopropylantipyrine (IPA), a substance used to kill pain. The Korea Food and Drug Administration’s Central Pharmaceutical Deliberation Committee will finally assess the IPA...

Handok will be reborn as health innovator

Under the spirit of ‘The Health Innovator’ this year despite economic downturn, Handok will continue to expand its presence in the domestic market through joint development of new products and licensing with advanced ...

Poongjeon named exclusive drug supplier for Chung-Ang Medical Center

Doosan Group, a Korean conglomerate, announced that Poongjeon Pharm will supply pharmaceuticals to Chung-Ang Medical Center from March. This move came as Doosan is working forward to improve efficiency in Chung-Ang...

UCC contest for contact lens from Jan. 21 to Feb. 20

Advanced Medical Optics Inc. (AMO), a global medical device leader focused on the discovery and delivery of innovative vision technologies, has announced that for commemoration of launching its Complete Easy Rub. UCC ...

KFDA seeking more business-friendly policies

The Korea Food and Drug Administration unveiled its plan to rationalize a number of regulations under the new government’s deregulation pledges. Such pledges have been gaining good marks from CEOs and executives in...

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