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Prices of OTC brand items on upward trend

The prices of renowned brand items, including Urusa, are rising, fueled by the continuing upward spiral of international oil prices and raw material prices. Furthermore, some manufacturers have scrapped premiums of...

Intense competition foreseeable in domestic antipsychotic market

The local antipsychotic market will become fierce, as the future outlook for AstraZeneca’s Seroquel (quetiapine fumarate) is expected to be cloudy by numerous generic drug manufacturers including Whanin Pharm, who lau...

Merger and acquisitions fever in wholesaling industry

The local wholesalers in North Kyunggsan Province are headed or a big shake-up, as RMS Korea, owned by a foreign capital has grown keen on buying out several leading wholesaling firms. RMS Korea has shifted its foc...

Prices of Janssen’s Prezista, Dacogen to be made public in August

The Ministry of Health, Welfare and Family Affairs says it will announce terms for health insurance allowance for Prezista tablet and Dacogen injection next month due to Janssen Korea’ request to delay the price notic...

ImQuest to file IND of anti-HIV drug

ImQuest Pharmaceuticals Inc. expects to submit an IND in the United States to initiate Phase 1 human clinical trials with IQP·0410, a highly potent member of the pyrimidinedione series in the third quarter of 2008, ac...

Hectic year forecast for M&As

The mergers and acquisitions market is expected to heat up this year as a number of pharmaceutical firms vows to speed up the takeover bid of promising biopharmaceutical companies. Major pharmaceutical firms, hung...

Validation system restricts new application for ethicals

Influenced by the implementation of validation system on prescription drugs from July 1, pharmaceutical companies are now hesitant to file a new application for their prescription drugs. “Now that there has been no...

Exemption from national health insurance law

A revision to the enforcement decree of the National Health Insurance Law will come into effect from August 1, according to the Ministry for Health, Welfare and Family Affairs. The revision will allow for doctors t...

National health insurance allowances total 12.9 trillion won in first half

The National Health Insurance Corporation says that health insurance payment in the first half of this year amounted to 12.9 trillion won, up 7.9 percent from the same period of last year. Medical outlays at pharma...

Price of Lamisil Once to rise 15%

Pacific Pharm says the price of Lamisil once cutaneous solution will rise 15 percent from July 16 due to the recent drastic hike of euro against Korean won. Developed by Switzerland based Novartis, Lamisil once con...

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