All Type of News
Pharmaceutical firms stalling on new plans
Reflecting increasing uncertainty in the global economy with protracted weakening of the won against the U.S. dollar and the Japanese yen, major Korean pharmaceutical manufacturers are delaying the formulation of thei...
Consultative body to discuss bioequivalence of combined preparations
The government plans to set up a consultative body consisting of representatives from industry, pharmaceutical and medical camps next January to discuss the controversial issue on bioequivalence of combined preparatio...
Kyungdong to acquire financially troubled wholesaling firm
An official of Kyungdong Pharm, which has been controlled by a speculative foreign capital, confirmed on November 4 that it is seeking to take over an insolvent Inyang Pharm.
According to market sources, Kyungdong...
AZK teams with Daewoong over NexiumIndustry watchers expect the domestic anti-ulcerant market is about to heat up, as AstraZeneca Korea (AZK) has joined hands with Daewoong Pharm to market Nexium (esomeprazole ma...
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Handok Pharm sets standard in industrial peaceHandok Pharm sets a new standard to make good relations between management and unions.
The company has been maintaining industrial peace, with no labor disputes since 1998.
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Clinically effective generic drug price to fall by 10 percent
When a generic drug with clinical effectiveness gets listed for insurance coverage, its price will be decreased by 10 percent over that of the corresponding original drug, the Ministry for Health, Welfare and Family A...
Drug wholesaling industry overshadowed by restructuring
Following the insolvency of Inyoung Pharm, a number of pharmaceutical firms are now moving to put small-and medium-sized wholesalers under the microscope for drastic restructuring.
The preemptive restructuring is t...
Foreign drugmakers to face heavy fines over rebate
The Fair Trade Commission said on November 2 that they would disclose that seven pharmaceutical companies have been offering rebates or donations to major hospitals and wholesalers under various pretexts.
Pfizer Ko...
Wyeth Korea union regrets labor commission’s award
The union members of Wyeth Korea have recently expressed strong regret over the Seoul Regional Labor Relation Commission's rejection of its appeal to correct management’s unfair labor treatment.
The union said it w...
AZK launches VRI discovery forum
AstraZeneca Korea and the Korea Health Industry Development Institute launched its third Venture Research Institute (VRI) Discovery Forum on December 3 to cooperate in developing new drugs and researching medical trea...
