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Pfizer to invest 30 billion won for R&D in Korea.

By 2012 Pfizer planned the total 30 billion won of investment to Korea for the development of new drugs according to the MOU made between Chairman Jeff Kindler of Pfizer and Minister Byeon Jae-jin of MOHW at Hyatt hot...

NMC to conduct pilot test on prescription in generic drug names.

As a model project of the MOHW the National Medical Center plans to conduct a prescription written in generic drug names for the total 34 products of 20 active ingredients including 9 prescription drugs and 11 non-pre...

Growing medicine stocks in smaller unit are groundless

Recently, Pharmacists have flatly dismissed the allegations of some drug makers concerning mounting medicine stocks in smaller unit, urging them to unveil the accurate production status of drugs in smaller packets. ...

Pediatric safety proof container stirs controversy

The non-observance of some drug makers, who failed to attach the safety proof container for pediatric drugs, has triggered controversy, according to pharmaceutical business sources on June 12. The sources said that...

Fair Trade Commission targets drug co-marketing

The Fair Trade Commission (FTC) is poised to regulate the local pharmaceutical industry's marketing tactics by scrutinizing illegal elements. The FTA will draw up guidelines during the second half of the year via i...

3 weight control drugs on hot market competition.

3 leading pharmaceutical companies are going to launch weight control drugs in coming July, which were formulated with a modified or generic ingredient that had kept enjoying its weight control market as a front runne...

KORUS FTA sets new milestone for domestic drug makers

Following the FTA ratification, Korea's pharmaceutical industry needs to enhance productivity and efficiency through restructuring. But there are some bright spots. Korean companies now can bet on the possibility ...

Drug industries prefer small drug package of 100 than 30 pills.

The Korea Pharmaceutical Manufacturers Association (KPMA) conducted a survey after the enforcement of "Regulation pertaining to the small packaged drug supplies" (KFDA Ordinance No. 2006-46) on the subject of small pa...

40% common cold patients to purchase OTC products at pharmacy

Four in 10 customers said that under the government's plan to lower health insurance benefits for treatment of minor diseases, such as common cold, from August, they are willing to purchase over-the-counter (OTC) drug...

Prescription drug sales in 1Q of 2007 rose 7% up.

⼦Top prescription drug sales by company in 1Q of 2007. Company 1Q of 2007 4Q of 2006 Choongwae 63,937 56,918 Dong-A 63,711 60,613 Hanmi 63,166 56,979 Daew...

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