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Government drug pricing policy threatening pharmaceutical industry

The recent decision by the Health Insurance Review and Assessment Service (HIRA) to evaluate the cost-effectiveness of cholesterol-lowering medicines based on individual products instead of active ingredients is putti...

R&D spending for medical and pharmaceutical colleges tops 473 billion won

Korea's research and development (R&D) spending for 4-year medical and pharmaceutical colleges reached 473.4 billion won last year, the government said on November 14. The figure accounted for 14.4 percent of the t...

Duel in cold drink market

The duel among cold drink makers has reached another round on the local market. Chong Kun Dang Pharmaceutical has recently launched its popular brand “Penzal” in the form of ...

Janssen starts selling Yondelis in Korea

Janssen Korea says it will start selling Yondelis (trabectedin), a treatment for soft-tissue sarcoma, from November 25. Yondelis will be the first new therapy to be commercializ...

61th API CHINA & INTERPHEX

The 61th API CHINA, a leading exhibition for China’s entire pharmaceutical manufacturing sector, enjoyed a robust turnout over the three-day show in Suzhou from 5–7 November 2008. With China’s tradition based cong...

WHO suggests use of domestically-made generic drugs

Korea should introduce a new prescription plan, under which doctors will have to make prescriptions listing only chemical ingredients instead of the names of specific products, ...

Cost-effectiveness of Lipitor 10mg should be re-evaluated

Makers of fiver statin preparations have urged the Heath Insurance Review and Assessment Service (HIRA) to conduct the economic analysis of Lipitor 10mg once again. On November 12, the HIRA announced a new economic...

SCL signs MOU with Adicon Clinical Laboratories

Korea’s leading reference laboratory Seoul Medical Science Institute (SCL) and China-based Adicon Clinical Laboratories, Inc. signed an agreement for the establishment of a mass...

Two KIT toxicology specialists acquire Diplomate of the American Board of Toxicology

Dr. Park Mi-sun (left in photo) and Dr. Chung Eun-joo of the Korea Institute of Toxicology (KIT) obtained the Diplomate of the American Board of Toxicology, Inc. (ABT), a KIT sp...

Korea’s birthrate at world’s lowest

Korea's birthrate stands at the lowest level in the world, in a recent report released by the United Nations Population Fund. The Fund's statistics showed that the birth rate, or the number of babies a woman gives ...

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