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Registration of generics to be shortened

The Health Insurance Review and Assessment Service has announced sweeping measures to shorten the registration period of chemically modified medicines and generic drugs, which will be implemented in January. A HIR...

Battle gets fiercer over Cozaar generic Market

Major pharmaceutical companies have waged fiercer campaigns to raise market share of their Cozaar (losartan potassium) generics amid stronger competition. Dong-A, Yuhan, Hanmi and Chong Kun Dang started aggressive ...

Korea Pharmaceutical Society publishes dictionary and book

The Pharmaceutical Society of Korea held its publication ceremony on December 15 to celebrate the publishing of a new dictionary, including a pharmacology guidebook for middle and high school students. The dictiona...

KFDA to overhaul screening regulations of hair growth products

The Korea Food and Drug Administration is considering ameliorating the regulations on the currently popular hair growth products through a frequently asked question (FAQ) session on December 19. Through the informa...

Pharmaceutical production was 9.3 million won in 1940

The nation's drug output totaled 9.34 million won in 1940, compared with 13.4 trillion won last year, according to the National Statistical Office (NSO). “Despite three currency denominations and increased commodit...

Government urged to support research-oriented pharmaceutical firms

The government needs to boost research-oriented pharmaceutical companies’ effort to develop new drugs by forging a special team, according to the Korea Drug Research Association. The Korea-U.S. FTA will provide a c...

KPMA to launch anti-rebate commission next year

The Korea Pharmaceutical Manufacturers Association plans to launch a new commission dealing with the prevailing illegal business practices in the pharmaceutical industry. The commission consists of a total of eight...

Reckless management, insufficient liquidity shakes Inyoung Pharm

The financial crisis has been mainly attributed to reckless management, snowballing deficit and bank’s refusal to extend more credit, according to Kim In-young, chairman of Inyoung Pharm. In a meeting with Hwang Ch...

Novartis opens clinical research office

Novartis Korea says its clinical research office has recently opened in Seoul Asan Hospital to promote local clinical research level through a closer collaboration. This is t...

Theraflu to go on sale in Korea

Novartis Korea says it will launch Theraflu, a brand of over-the-counter cold and flu medicines here. Theraflu is produced in several forms and flavors, but is best known for...

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