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Korean generic drugs and US healthcare reform

Generic drugs made by Korean companies are not yet recognized as generic internationally, but under the US President-elect Barak Obama's universal healthcare coverage proposal, Korean firms make take advantage of this...

KPTA holds information session for US ANDA process for generic drugs

On November 6, the Korea Pharmaceutical Traders Association held an information session on the U.S. abbreviated new drug application (ANDA) Process for generic drugs. 120 workin...

Health insurance to cover Lyrica in fibromyalgia patients

The Ministry of Health, Welfare and Family Affairs announced on November 6 that the national health insurance has covered from November Lyrica (pregabalin) in patients with fibromyalgia, a disorder characterized by pa...

Wyeth Korea president apologizes for violence

Lee Sung-woo, president Wyeth Korea Co., has made a public apology for its executive’s beating against a labor union member. The public apology was immediately issued on November 6 after a violence incident occurre...

ViroMed to conduct phase II trial of VM202

ViroMed president Kim Sung-young said that she had a meeting with some of the US investigators and clinicians in New Orleans on November 8 in order to further evaluate the clinical benefit of VM202 through its planned...

Disclosure of actually traded drug prices spooks drugmakers

Pharmaceutical firms are irked by a recent court ruling to mandate the Health Insurance Review and Assessment Service to reveal the actually traded prices of 20 drugs, which have been supplied to 46 hospitals. Emb...

Government urged to scrap new sales plan, pharmacists say

The government plan to allow over-the-counter drugs to be sold at supermarkets and other non-pharmaceutical stores is drawing protest from pharmacists in Seoul. In a statemen...

Vitamin House to introduce homegrown drugstores

Vitamin House aims to create its Korean type drugstore model by expanding its business to replace signboards of member pharmacies, In a press interview on November 5, Vitami...

LG CNS signs MOU with Senior Partners

Korea’s IT service company LG CNS and Senior Partners (www.yourstage.com), on-line marketing company for senior industry, signed an agreement for the distribution of LG CNS’s so...

Daewoong launches testosterone patch

Daewoong Pharm says it has launched its testosterone patch ‘Testopatch’ from November 3 after obtaining an exclusive distribution right from Pierre Fabre of France. Testoster...

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