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Kang Dong-suk concert for hope for world without hepatitis B

World-renowned violinist Kang, who is an honorary ambassador to combat hepatitis B, organizes this annual charity concert under the theme “love and friendship”, now in its ninth year. The concert aims to give hope...

Park Geun-hye calls for further price cut of new drugs after patent expiration

During the recent parliamentary inspection of the Ministry of Health, Welfare and Family Affairs, Rep. Park Geun-hye of the governing Grand National Party (GNP) stressed the need for slashing the price of new drugs wh...

Bayer's novel anticoagulant Xarelto approved in EU

The European Commission has granted marketing approval for Xarelto (rivaroxaban), a novel anticoagulant taken as one tablet, once-daily, for the prevention of venous blood clots in adult patients undergoing elective (...

Insurance price of Evista to be lowed by 20%

Lilly Korea has announced that its price of Evista (raloxifene hydrochloride) will be reduced by 20 percent from next month due to launching of generic versions. The company is considering no compensation for small...

Falling won affects drugmakers

The Korean won's freefall against the dollar is taking a toll on the nation's pharmaceutical firms who are suffering difficulties caused by the drastic decline in the local currency's value. The local currency slumped...

W355 bil. anti-inflammatory & analgesic agents market warms up

The competitive 355 billion won market for anti-inflammatory & analgesic drugs is set to heat up as Daewon Pharm is rushing into the game selling its homegrown Peluvi tablets (felubiprofen) at hospitals nationwide. ...

Song named as head of HIRA

Former Vice Health Minister Song Jae-sung, has been named the new president of the Health Insurance Review and Assessment Service. Cheong Wa Dae is scheduled to announce his ...

Donwha to recall antibiotic Gatiflo

Dongwha Pharm has a plan to recall all products of Gatiflo from wholesalers and pharmacies (gatifloxacin) between October 7 and 20. Gatiflo is an antibiotic that has been associated with hyperglycemia and hypoglyce...

Handok, Actelion enter into licensing agreement

Handok Pharm and Actelion Pharmaceuticals Korea announced on October 7 that they have entered into a licensing agreement for Actelion’s clazosentan, an intravenous endothelin re...

AIDS patients and activists demand earlier supply of Fuzeon

Korea’s AIDS patients and activists gathered in Central Seoul on October 7 to urge Roche to supply anti-AIDS medicine Fuzeon without delay. They staged a 12-hour street rally...

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