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Hanmi top executives wholly to reshuffle.
The top 10 executives of Hanmi Pharmaceutical Inc. were reorganized as of Dec. 28 as positioning President Min Gyeong-yun to the vice chairman and Standing adviser Chang Ahn-soo to the president.
New president Chan...
Non-prescription drugs to register by 6% only.
The new registration of non-prescription drugs this year showed merely 6% out of the total number of drug registrations, indicating a serious non-prescription drug business especially in the critically low birth rate...
Plavix unvoidable to face with influx of generics next year.A lot of local drug companies are going to launch many generic drugs of Plavix (clopidogrel), an anti-platelet drug supplied by Sanofi-Aventis and BMS Korea, next year to provok...
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Consultant-turned marketing experts drive on in pharmaceutical industry
The pharmaceutical industry has long been considered a pharmacist's territory, especially in marketing. There were only one or two management consultants, engaged in the marketing activities.
These days, however, m...
Competition will likely get fierce over anti-alopecia market
As a growing number of Korean people have suffered from hair loss, the domestic anti-alopecia market is expected to grow further next year, market experts claim. Competition is also fierce among the makers of pharmace...
Government agencies grant patent transfer to Huons
The Korea Food and Drug Administration and Forest Government Information Agency said on December 27 that their jointly owned patent on garlic extract was transferred to Huons Co., a local Korean drugmaker, on an exclu...
New drug-pricing policy to go into effect from December 29
The government said on December 27 it will implement controversial drug pricing and reimbursement policies, called the positive list system from December 29, according to the Ministry of Health and Welfare.
The pos...
New reimbursement regulations face backlash
The government's plan to set up new regulations aiming to cut prices of pharmaceutical products and control soaring health insurance expenditures has trigged a backlash from the domestic pharmaceutical industry.
Th...
Local drug industry to forecast a double digit growth next year.
The leading pharmaceutical companies had made their sales forecasts in double digit of growth in 2007 following this year too with expectation for the sales targets of 2006 in double digit growth to achieve without di...
Small- and mid-size hospitals to conduct clinical trials for medical device
The Korea Food and Drug Administration said it has formulated a rule to allow eligible small- and mid-size hospitals to conduct their clinical trials for medical device as part of efforts to improve the infrastructure...
