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Local wholesalers to face suspension of antibiotics business
The local wholesalers have seen their antibiotic base at private hospitals collapse in recent years due to the government's massive price cut by 30 to 50 percent, according to pharmaceutical sources.
Steeply fallin...
A doctor fined W500,000 for violating pharmaceutical affairs law
An orthopedist, who instructed an assistant nurse to prescribe medicines for 12 patients without proper supervision, have been fined on charge of violating the current pharmaceutical affairs law, it was reported on No...
LG Life Sciences and Gilead to develop novel drug candidate caspase inhibitor
LG Life Sciences says that it signed with Gilead Sciences, Inc. of the United States an exclusive license agreement focused on the development of caspase inhibitors for the treatment of fibrotic diseases. The agreemen...
OTC-oriented product manager gaining popularity
A growing number of domestic and foreign-invested pharmaceutical firms are struggling to hire long-career product managers who are chiefly dealing with over-the-counter (OTC) drugs, as part of their efforts to cope wi...
Battle looms over CoQ10 market
Coenzyme Q10 (CoQ10) makers are set for a fresh battle for leadership in the domestic market.
Green Cross Corporation will soon tap the CoQ10 market and go on the offensive by forming a joint collaboration with Mit...
Lucentis improves vision in patients with wet age-related macular degeneration
Korean scientists announced positive six-month data of Novatis's Lucentis (ranibizumab) from a local clinical study.
The study successfully reached its primary endpoints and reported unprecedented results in mainta...
4 wholesalers to promote joint delivery
Seoul- and Kyun-based drug wholesalers, such as Myungsung, Paikkwang, Sungil and Seshin, will begin their joint drug delivery from November 13 to step up their service for pharmacies.
The individual four wholesaler...
Drug makers moving to seek alliance
Rebate-troubled domestic and foreign pharmaceutical firms are moving to form their alliance, industry business sources said.
The Korea Pharmaceutical Manufacturers Association Vice Chairman Moon Kyung-tae will have...
Zuellig Korea joins KRPIA
Zuellig Korea has become a semi-member of the Korean Research-based Pharmaceutical Industry Association (KRPIA), according to pharmaceutical business sources.
The company has been criticized for its stringent margi...
5 business lobby groups seek meeting with two presidential candidates
Representatives from the nation's five business lobby groups will soon have a gathering with two presidential candidates - the frontrunner Grand National Party (GNP) presidential candidate Lee Myung-bak and another pr...