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Pharmaceutical industry stocks hit new high on health minister's resignation
The pharmaceutical industry shares closed higher on May 21 as President Roh Moo-hyun accepted the resignation of Health and Welfare Minister Rhyu Si-min who said he wants to rejoin the pro-government Uri Party.
The...
Vardenfil grabs bigger market share
Vardenafil preparations, co-marketed by Bayer Korea (trade name: Levitra) and Chong Kun Dang Pharmaceutical (trade name: Yaila), are expanding its share of the domestic anti-impotence drug market.
According to IMS ...
Drug identification system to burden drug makers
OTC makers will be obliged to bear about 3.3 billion won following the government plan to expand the current drug identification system into over-the-counter medicines from next year, according to the Korea Food and D...
Boehringer Ingelheim took over Baiksu stocks amicably.
Boehringer Ingelheim has taken over the stocks of Baiksu in an amicable process.
Boehringer Ingelheim Korea said on May 22 that the head office took over the stocks of Boehringer Ingelheim owned by Baiksu, honorabl...
Health minister resigns
Health and Welfare Minister Rhyu Si-min stepped down from his job to resume political activities for the pro-government Uri Party.
Minister Rhyu declared his resignation in a meeting with reporters at the grand con...
Drug identification system for non-reimbursable OTC drugs to be compulsory
The government has decided to expand the current drug identification system to all over-the-counter drugs from next year, the Korea Food and Drug Administration said recently.
Under the plan, manufacturers of over-...
Drug wholesalers on the verge of hot battles against Zuellig.
The pharmaceutical wholesalers are on the verge of exploding painful battles with Zuellig over the distribution margins. The D-day will be May 23. On that day the wholesaler groups, KPWA will make a final decision for...
Government to increase capital of foreign hospitals in FEZs
The government said on May 15 that foreign-run hospitals in free economic zones (FEZs) should have more than 5.0 billion won in their paid-in-capital to attract more foreign capital.
The Ministry of Finance and Eco...
Choongwae to envision 1 trillion won of annual sales.
Choongwae plans to establish a stock holding company on July 1. By taking this opportunity, Choongwae tries to transform itself as a global comprehensive healthcare corporation embracing not only pharmaceuticals but a...
Now is a good time for investors to buy pharmaceutical stock prices.
Despite a recent bull's market trends of overall industry stocks, the shares of pharmaceutical industries remained in bear stances. However, considering that overall unfavorable conditions linked with the drug industr...
