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Government urged to boost local pharmaceutical industry
The government needs to encourage pharmaceutical firms to develop more effective and cheaper drugs, strengthening the competitiveness of the country's pharmaceutical industry, through elimination of unclear license sy...
8.2 trillion won to set aside for state R&D spending next year
The National Science & Technology Council said that the government is planning to spend around 8.2 trillion won on state-funded R& D projects next year.
The funding plan was set by the presidential science and tech...
Establishment of technology holding company eyed
The government is considering establishing a technology holding company in the first half of next year to develop new technologies in collaboration with universities and government-funded research institute
The fun...
ISPE’s Korean branch to be set up
The Korea’s branch office of International Society for Pharmaceutical Engineering (ISPE) will be established next month.
The ISPE’s Korean office said it will have its founding ceremony and workshop on December 2.
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ViroMed’s VM202 emerging as blockbuster medicine
ViroMed said on November 28 that the phase I study results of VM202, a gene-based medicine for cardiovascular disease (CVD) were presented in the Seoul National University Hospital’s clinical center.
The clinical r...
35 new drugs get listed for this year’s insurance coverage
The National Health Insurance Corporation (NHIC) announced on November 24 that of 59 new medicines being applied for an insurance-eligible list, 34 new medicines were successfully put on the positive list as of Octobe...
Battle gets fiercer over antihypertensive market
Large pharmaceutical firms have waged fiercer campaigns to raise their Cozaar (losartan) generic market share amid forecasts that their revenues will fall gradually due to stronger competition from other 30 drugmakers...
Dual in domestic immunosuppressant market
The duel between Astellas and Hanmi Pharm has reached another round on the local market.
Hanmi Pharm rolled out its tacrolimus generic on November 25, with its own solid-dispersion technology to enhance solubility ...
Korea to set up APEC harmonization center next year
A new harmonization center for APEC (Asia-Pacific Economic Cooperation) will be established in Seoul next year in a bid to harmonize regulatory practices in 21 APEC members, it was announced by officials of the Korea ...
Pharmaceutical stock set fresh records
The stock price of Ilyang Pharm jumped about 200 percent for the consecutive seven days on hopes of stronger earnings, after the company reported in its official filing the approval of ilaprazole, a novel antiulcer ag...
