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NHIC accepts 2.2% increase in pharmacy dispensing charge

The National Health Insurance Corporation (NHIC) decided to increase next year’s pharmacy dispensing charge by 2.2 percent, following its recent agreement with the Korean Pharmaceutical Association, the Association of...

Chong Kun Dang announces launching of Generic Evista tablets

Chong Kun Dang Pharmaceutical Co. announced on October 23 that the company will market its generic version of Lilly's osteoporosis treatment (raloxifene hydrochloride) in the middle of next month. “Our launching sche...

Korean drugmakers should be re-evaluated

The local pharmaceutical industry has never really had a good reputation, either here or elsewhere. Behind the life-curing business are heavy lobbying, dirty politics and giant rebates for favorite buyers, all of whic...

Viromed to announce Phase I study results of VM202

Viromed Co., Ltd. plans to present the phase I study results of VM202 (DNA-based medicine for ischemic disease including peripheral and coronary artery disease) in a forthcoming society in Seoul next month and in the ...

TJ Pharm’s logistics center opens in Kyunggi Province

TJ Pharm, an affiliated company of Taejeon Pharm, had the tape-cutting ceremony on October 25 to launch a new logistics center at Pyungtaik, Kyuggi Province. The logistics center is comprised of various automatic s...

Price cut of antihyperlipemic agents likely to be determined early November

Will the assessment of the conventional antihyperlipemic drugs be made available soon? Now all eyes are on the Health Insurance Review and Assessment Service committee’s decision on the scope of their price reduction....

Wyeth Korea workers strike over wage increase

70 union members of Wyeth Korea staged a partial strike on October 22 after it failed to reach an agreement with management over wage increases and personnel management rights. ...

Jannie Oosthuizen named new president of Lilly Korea

Jannie Oosthuizen has been appointed as new president of Lilly Korea effective November 1. Oosthuizen will succeed outgoing president Hong Yoo-suck, who will work as a world’s m...

Kim Young-joong elected chairman of Pharmaceutical Society of Korea

Kim Young-joong, a professor at Seoul National University, has been elected as a chairwoman of the Pharmaceutical Society of Korea (PSK), a society’s spokesman said on October 2...

Binex to launch immunotherapy product next year

Binex plans to commercialize its immunotherapy product for treatment of colorectal cancer in the latter half of next year. "Our immunotherapy product is currently undergoing review by the Korean FDA for colorectal ...

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