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KFDA warns use of cold remedies in infants
Parents who have children under two years old will be obliged to consult a pediatrician and get a prescription for the commonly used cold medicine for their children, according to the Korea Food and Drug Administratio...
Choong-wae Holding inks export deal with Kowa
Choong-wae Holdings said on January 24 it has signed a $40 million export deal with Kowa Pharmaceuticals to offer 56 million non-PVC amino acid infusions for five years.
The export amino infusions will be manufactu...
Salsarazine enjoys high popularity
Huons said its herbal obesity treatment Salsarazine is drawing customers' attention thanks much to aggressive media advertisements.
Launched in April of last year, Salsarazine has expanded a firmer presence in the ...
Next-generation fusion technology institute to be completed in January
The nation's next-generation fusion technology institute is poised to take a big step toward in its long-awaited goal of being a center for convergent study and research of new chemical entities.
The institute is s...
Shinpoong aims to complete two cGMP factories
Shinpoong Pharm says it plans to complete the construction of two cGMP factories within this year, aiming at its local production of antimalaria drugs and cephalosporin antibiotics with a budget of 60.0 billion won.
...
Norvasc price to be reduced in March
The Ministry of Health and Welfare says health insurance price of Norvasc (amlodipine besylate) will likely be lowered in March as revised terms for health insurance allowance are yet to be finalized.
Now that Kukj...
150 billion won set aside for research in 2008
The Ministry of Health and Welfare said on January 22 that it has allocated 144.7 billion won for research and development (R&D) of new drugs in 2008, up 38.4 percent from the previous year, in a recently held consult...
Wholesalers to look for new business model
The Korean Association of Pharmaceutical Wholesalers says it will develop a new business model, bolstering its presence in the domestic wholesaling industry in the face of rapidly changing environments, such as joint ...
BMS seeks health insurance allowance for new antitumor agent
BMS Korea says it plans to negotiate with the Ministry of Health and Welfare over the insurance price of its Sprycel (dasatinib), an oral inhibitor of multiple tyrosine kinases.
The company failed to reach an agree...
Drug wholesalers advocate unified distribution system
The government should support local drug wholesalers by supporting the current unified distribution system, according to the Korean Association of Pharmaceutical Wholesalers.
During a recent meeting with the Minist...
