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Ethical sales grow 12% in May
The domestic ethical market for outpatients in May grew 12.3 percent to 593.3 billion won, compared to the same period last year, according to pharmaceutical business sources.
Korea major ten drug makers recorded 2...
MSD rotavirus vaccine approved to launch market
The KFDA approved Rotateq for the prevention of infant's viral infections in the gastrointestinal tracts by G1, G2, G3, G4, G9PIA (8) types of rotavirus.
The market distribution of Rotateq and customers servic...
37.9 billion won set aside for health and medical sector in 2008
The Ministry of Health and Welfare said recently that the government has allocated 37.9 billion won to support the nation's health and medical sector in 2008.
In its 2008 budget bill submitted to the National Assem...
Model prescription project in generic names visualized targeting on 34 drugs.
The National Medical Center (NMC) was nominated as a leading institution in exercising the model prescription projects written in generic drug names initially targeting 34 drugs with 20 active ingredients includ...
Zuellig, foreign drug manufacturers to face government intervention
The Ministry of Health and Welfare is keeping a watchful eye on the movement of Zuellig Pharma Korea (ZPK) and 17 multinational drug makers to find out if they have violated the country's anti-trust regulations.
Ac...
Zuellig Pharma Korea sticking to individual negotiationsThe conflict will be deepening between Zuellig Pharma Korea (ZPK) and its associate wholesalers over the recently disputed wholesaler margin.
In a press interview on June 22,...
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Choong-wae to set up holding firm in July
Korea's leading pharmaceutical manufacturer Choong-wae Pharm will establish a holding company in July to improve corporate governance, the company said in its regulatory filing recently. Choong-wae joins Korea Green C...
Doctor's prescribing rights to aim only at illegal rebates.
"Doctor's claims about their prescribing rights were nothing but to aim at illegal rebates provided by drug companies" said the KPA (Korea Pharmaceutical Association). The KPA so denounced the KMA's (Korea Medical Ass...
Pharmaceutical production in 2006 valued at 12 trillion won.
The KPMA reported on June 21 that the total pharmaceutical production in 2006 reached over 12 trillion won at 12,362 billion won, which was 1.46% of the GDP, and 8.23% up from the previous year of 11,421,600 milli...
Foreign drug manufacturers to apologize drug shortageThe Korea Pharmaceutical Association said on June 20 that representatives of 11 multinational drug manufacturers, Zuellig Pharma Korea and Korea Pharmaceutical Wholesalers Assoc...
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