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Lipitor market warming up

The domestic market of Pfizer’s Lipitor is gaining momentum with the leading two drug markers, such as Dong-A Pharm and Yuhan Corporation, who see opportunities in the field where Pfizer has been dominating. The tw...

Positive list system corners pharmaceutical firms

Foreign and domestic pharmaceutical manufacturers are worrying about the current drug pricing system, the so-called positive list system, to allow only cost-effective drugs to be covered by national health insurance. ...

Chong Kun Dang to launch anti-clotting agent

Chong Kun Dang Pharmaceutical is considering launching its chemical modified Prigrel tablet (clopidogrel reginate) in the domestic thrombolytic market dominated by Sanofi-Aventi...

Dong-A, wholesalers face off over margin

Controversy is escalating between Dong-A Pharm and pharmaceutical wholesalers over wholesalers’ demand to withdraw margin reduction. The Korean Association of Pharmaceutical Wholesaler has recently decided to rejec...

Choong-wae Holdings buys 18.5% stake in Three Seven Inc

Choong-Wae Holdings announced on May 30 that it acquired an 18.5 percent stake in Three Seven Inc., which owns Creagene, a local bio-venture company. “We decided to buy the stake to solidify our current partnership...

KFDA sends GMP officials to U.S.

The Korea Food and Drug Administration said it dispatch its GMP inspectors to check whether a new AIDS medicine of Merck and Company of the United States conforms to Korea’s GMP standards. The KFDA inspectors will ...

Prices of chemically modified Plavix to fall

There is mounting discomfort among six domestic producers of chemically modified Plavix, anticlotting medicine, that the prices of their products will be decreased by lower than 68 percent over the original drug. T...

Doctors opposes early implementation of pharmacy college’s six-year course plan

The Korean Medical Association (KMA) says it has strongly opposed the earlier implementation of pharmacy college’s six-year from next year. The doctors’ group said in a statement that the government should withdraw...

W14 Bil. ‘artificial eye tears’ OTC market heats up

The domestic “artificial eye tear” is expected to steam up as a number of people suffering eye dryness are on the increase due to environmental contamination, yellow sand and use of computer. Artificial tears are l...

Government to raise amino acid infusion prices

The government plans to raise essential Ringer’s solutions by about 88 percent in the latter half of this year. However, domestic three drug makers for essential amino infusion Choongwae Pharm, CJ Corporation and D...

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