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Drug related policies expected to undergo major changes (first part)

Under the incoming Lee Myung-bak administration, scheduled to be inaugurated late next month, the country's pharmaceutical paradigm is expected to experience a major change from that of the incumbent Roh Moo-hyun admi...

Korea's pharmaceutical exports record $1.44 billion in 2007

Korea's drug exports gained 11.5 percent from a year earlier to $1.44 billion in 2007 thanks mainly to strong shipments of finished pharmaceuticals, pharmaceutical bulks, oriental medicines and cosmetics, a local ...

Medical institutions to benefit from drug savings

Hospitals and clinics that save drug costs will enjoy more benefits, following the passage of a bill to allow an incentive to medical institutions in favor of low-priced drugs in the lawmakers' Committee for Health & ...

Samil launches Zyrtec Plus

Samil Pharm said it has launched Zyrtec Plus tablets, another brand name of UCB Korea's product, for the treatment of allergic rhinitis. Zyrtec contains cetirizine HCl and ps...

Cipla Korea eyes bigger role in pharmaceutical market

Cipla Korea, an India based Korean unit and leading generic maker worldwide, is making it clear that it wants to support the domestic pharmaceutical market as a supplier of its products. The local pharmaceutical in...

Novartis Korea, Handok sign Galvus co-promotion deal

Novartis Korea and Handok Pharm entered into an agreement on January 28 for the co-promotion of Galvus (vildagliptin) to treat a wide range of patients with type 2 diabetes, a p...

Small-package drugs headache for drug makers

Recently, many pharmaceutical firms have found it difficult to deal with ever-increasing medicine stocks in small bundles. Under the current regulation, drug makers are obliged to produce small-package drugs at lea...

Pharmacists angry over free offering of anti-smoking and quitting aids

Pharmacists have called for the government to shorten the free offering period of smoking quitters, such as patches or drugs, at a public health center, which last up to 8 weeks. Pharmacists said they are in an awk...

Ildong launches joint venture firm in Australia

Ildong Pharm and Ildong Foodis have launched a joint venture firm, NXGEN Pharmaceuticals Pty. Ltd. in Australia, with four private companies with a 20-percent stake, or approx. ...

Hyundai Pharm to build plant in Osung

Hyundai Pharm said on January 23 it will build its new plant in Osung of North Chungchung Province so as to transfer its existing factory in Chunan of South Chungchung Province. The company said it will invest 110 ...

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