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Government should strengthen local pharmaceutical industry's competitiveness, KPMA saysThe domestic market will suffer damage of 10-12 trillion won for the next five to seven years due to extension of patent period for new drugs in an era of the Korea-U.S. FTA and...
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Wholesalers to boycott contract renewal with Zuellig Korea
Drug wholesalers said on May 23 that they would boycott the renewal of agreement to protest Zuellig Korea's margin policy, unless the latter withdraw its plan to lower the wholesaler margin and sales incentive.
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Stock prices of pharmaceutical industries soaring.
The stock prices of Korean pharmaceutical industries have shown a rapid rising trend after a long doomed tunnel and as of 1:30 p.m. on May 25 the KOSPI index of drug industry stakes surpassed to the plateau of 3,900, ...
Pharmacists to run 24-hour pharmacy
The Korean Pharmaceutical Association (KPA) said it plans to designate 140 pharmacies that will open for 24 hours a day from this July in each district nationwide.
The KPA noted that the plan is designed to help co...
New health ministered nominated
President Roh Moo-hyun nominated Vice Health and Welfare Minister Byun Jae-jin, 53, for the ministry's top post, Cheong Wa Dae said on May 23.
Byun replaced Rhyu Si-min, who rejoined the pro-government Uri Party as...
Drug makers reaffirm to promote compliance program
Domestic pharmaceutical companies will not provide hospital rebates and contributions for any scientific congresses to be held at home and abroad, as part of its effort to promote a compliance program (CP) for fair tr...
Pharmacy circles say
The pharmacy communities have kept responding it just of nonsense for the recent control plans of the OTC cold remedies containing pseudoephedrine to limit its sales and book-keeping obligation at pharmacy. The KFDA p...
Wholesalers worried Zuellig issues escalating to foreign drug companies.
"The current wholesaler's margin issues of Zuellig" may not only give adverse impacts limitedly to Zuellig but also to other foreign drug corporations who were not associated with Zuellig and the wholesale distributio...
Yuhan, KMSI joins hands for new drug R&D projects
Yuhan Corporation signed a memorandum of understanding on May 22 with KMSI, a biopharmaceutical company, to conduct a joint collaboration for developing and commercializing new natural drugs and health foods.
Estab...
KFDA to control free sale of cold remedies.
To prevent a possible 2nd drug disaster after the recent narcotic drug production incidence by chemically converting cold remedies containing Pseudoephedrine, the KFDA mulls over a control of cold remedy sales at one ...
