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Government mulls project financing for new drug developmentThe government plans to spur the local research and development projects of new drugs in commercial stage with its introduction of project financing, according to the Ministry o...
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Il Yang agreed with SS for exclusive distribution of EVE.Il Yang made an agreement with SS pharmaceutical inc. of Japan at the head office of SS in Tokyo on June 28 for the exclusive distribution of "Eve" serial pain killer products ...
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Sales of multilevel marketers plunge last year
Sales at multilevel marketing companies in 2006 decreased sharply from a year ago, weighed down by the corruption scandal of JU Group, the country's largest network marketing company, with a market share of more than ...
Zuellig, wholesalers agreed to renegotiate contract
In a meeting on June 27, the Korean Pharmaceutical Wholesalers Association and Zuellig Pharma Korea (ZPK) came to an agreement to re-discuss the terms and conditions of a contract proposed by JPK.
Furthermore, the ...
Plavix ranking the top of the top 100 drugs in Korea.
Plavix, produced and distributed by Sanofi-Aventis Korea took the top position among the top 100 drugs in 2006 according to the KPMA report titled "Top 100 drugs produced in 2006" released on June 28.
Abilify, an a...
Top number of product registration was diabetic drugs.
Up to May this year the total 109 cases of the new product registration were found the diabetic drugs according to the KFDA report. The total new registration was 933 products including 86 importations, which was rema...
1 trillion won to set aside for research for 10 years
The Ministry of Health Welfare said on June 27 that the government will allocate 1 trillion won for ten years to support the domestic pharmaceutical industry, which are expected to be hard hit by the free trade agreem...
KFDA approves cervical cancer vaccine Gardasil
Korea people are delighted to hear that a vaccine against cervical cancer will be marketed, possibly in September or October.
The Korea Food and Drug Administration (KFDA) approved on June 27 the sale of Gardasil, ...
Prices of 5,083 drugs to be re-evaluated this year
The Ministry of Health and Welfare decided to re-evaluate the prices of 5,083 items in 2007, and the results will be made public at the end of this August.
The drug price re-evaluation program will cover all drugs ...
Competition will heat up in anti-obesity medicine market
Competition is about to heat up in the domestic anti-obesity medicines market, as the US-based Abbott Reductil's patent is scheduled for expiration on this July 1 and a number of its generics are lining up side by sid...
