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GNP unveils doctor-friendly pledge

The conservative Grand National Party (GNP) said on November 15 that it will incorporate several proactive medical policy elements into the presidential campaign pledge to woo doctors in the presidential election. The...

Doctors to receive more benefits from drug savings

More benefits will be provided to doctors who save drug costs from next at the latest as incentives will be linked to their prescription patterns. The government has announced that the incentives will account for 3...

Listed pharmaceutical firms' sales up but profit down

The public notices of 25 pharmaceutical firms whose fiscal year corresponding with the calendar year disclosed that their sales were up but their profits down in the nine months of this year. The 25 firms mark...

Government urged to complement positive list system

Korea needs to introduce a reference price system (RPS) by stages in a bid to complement the current new pricing policy, the so-called positive list system, Professor of Sookmyung Women's Unversity Lee Eui-kyung said ...

Pfizer's Lyrica gets KFDA approval

The Korea Food and Drug Administration has approved Pfizer's Lyrica (pregabalin), the first drug to treat fibromyalgia, which is mainly characterized by pain, fatigue and sleep disorder. Persons with fibromyalgia t...

KFDA warns pediatric risk on 119 cold medicines for under age of 6

The Korea Food and Drug Administration will issue a caution to pharmacists about prescribing OTC cough and cold drugs for children less than six years of age, following the recent reports of a US Food and Drug Adminis...

Wholesalers alert over foreign takeover

Drug wholesalers are abuzz on the recent foreign fund's takeover of RMS Korea whose ex-management sought to draw a huge amount of investment in the first half of this year. RMS Korea is a renowned wholesaling compa...

Janssen Korea to take legal actions over Ultracet

Janssen Korea has pledged to take legal action against the nullification trial of Ultracet, a painkiller for the relief of moderate to severe pain, which has been raised by several Korean drug makers including Hanmi P...

Pharmcoeconomic majors gaining popularity

A number of domestic pharmaceutical firms, including foreign-invested pharmaceutical manufacturers, are struggling to hire university graduates who majored in pharmacoeconomics, in bid to cope with the government's ne...

Korea's two credit agencies award 'A+' rating to Daewoong Pharm

Korea Ratings and Korea Information Service, Korea's top credit rating agencies, said they have raised Daewoong Pharm's credit rating from A to A+. The rating reflects Daewoong's strong market position and good pr...

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