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KDI’s statement losing rationale

The recent Korea Development Institute’s statement that Korean generic medicines are more expensive than foreign counterparts came under fire from the domestic pharmaceutical industry. The industry is casting a dou...

Plaxvix sales still pick up steam

Last year’s sales of anticlotting drug Plavix topped the list in the domestic prescription market with 117.1 billion won, according to EDI (electronic data interchange) data released by the Health Insurance Review Age...

Pharmaceutical firms struggling to boost OTC sales

Influenced by the recent surging price of crude oil, some of leading OTC makers – Samsung Pharm and Myungmoon Pharm - are poised to increase drug prices as part of efforts to boost OTC sales. These makers are looki...

Government urged to promote guide- and field-oriented administration

The Korea Food and Drug Administration needs to work out measures to encourage local pharmaceutical firms through guide- and field-oriented administration as deregulation effort...

Estimated human effective dose essential for success of new drug development

For successful development of a new drug domestic drug makers should determine its effective dose based on animal experiment, said a Korean scientist of the U.S. Bristol-Myers Squibb Co. In an international symposi...

Korean generic medicines deemed expensive

The Korea Development Institute (KDI) said on May 22 Korean generic medicines that require health insurance coverage are 4 times higher than those in seven other countries, including the United States. The KDI also...

Reclassification plan will not affect pharmacy sales

The government is considering expanding the scope of quasi-drugs to digestives and preparations for intestinal flora, but its reclassification plan will not hit pharmacy sales, according to the Ministry of Health, Wel...

Feud between Dong-A, wholesalers deepens over margin

Conflicts are intensifying between Dong-A Pharm and its associate wholesalers, over the falling wholesaler margin. The Korean Association of Pharmaceutical Wholesaler has urged its member wholesalers to reject any ...

Several small- and medium-sized pharmaceutical firms to form cGMP consortium

Currently, several small- and medium-sized drug manufactures are discussing the formation of a consortium to cope with the current good manufacturing system. Hanseo Pharm, a chief organizer of such consortium, says...

New qualification test for professional pharmacists to debut

The new certification test for professional pharmacists will be held once a year, according to the Korean Society of Health-System Pharmacists (KSHP) The KSHP will control and manage difficulty levels of the test, ...

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