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24 incrementally modified drugs newly approved last year, increased by 33%

The number of incrementally modified drugs approved last year was the total 24 products, increased by 33% compared to the year of 2015. The Ministry of Food and Drug Safety revealed that 24 products were approved as ...

Pharma industry will take lead in ‘Job Creation,’ key assignment of the new administration

As ‘Job Creation,’ one of the main promises made by President Jae-In Moon of Korea, intersects with the pharmaceutical industry’s ability of creating jobs, it has been highly expected that the government would be more...

Hanmi Pharm acquires world’s first approval of combination drug for treatment of both asthma and allergic rhinitis

Hanmi Pharm(CEO Jong-Soo Woo, Sae-Chang Kown) announced on the 17th that it acquired commercialization approval of ‘Monterizine,’ a combination drug for patients with both asthma and allergic rhinitis(allergic rhiniti...

“Health insurance benefits for pharmacy must reflect the reality of the industry”

The Korean Pharmaceutical Association’s National Health Insurance Benefit Negotiation Team(Team Leader In-Choon Park, Mo-Sae Park, Yang-Yeon Cho, Yong-Hwa Lee) informed difficulties in managing pharmacies to the Natio...

Female ratio to total executives was only 7% in listed pharmas

Less than 1 of 10 executives working for Korean listed pharmaceutical companies were women. According to the Yakup Shinmoon’s(www.yakup.com) analysis result of the executive status(including registered and unregister...

Dong Wha Pharm acquires license to sell all the GSK’s OTC products worth of KRW 55 billion

Dong Wha Pharm has risen as the strongest in selling OTC drugs. According to the industry concerned, Dong Wha Pharm was known to sign an agreement of selling all the GSK’s OTC products(total 10 products) with GSK on ...

High expectation in health insurance benefit negotiation with Jae-In Moon administration’s ‘reasonable benefits, reasonable burden’

The first 2018 health insurance benefit negotiation was completed for each association. Negotiation teams, which took a brief look at the entire negotiation process, expressed that increases in the health insurance b...

Asan Medical Center opens Korea’s first imaging core lab, ‘AIM’

On the 16th, Asan Medical Center held a symposium to celebrate the ‘Selection of the Clinical Trial Development Project for High-Tech Conversance and Opening of AIM(Asan Image Metrics)’ at Asan Medical Center Asan Ins...

5-Year-Cyle Pharmaceutical Product Renewal System to be enforced from this June

A policy for pharmaceutical products to get approval and renewal every 5 years will be enforced from the coming June. The Ministry of Food and Drug Safety(MFDS) announced enforcement of the Pharmaceutical Product Ren...

5-Year-Cyle Pharmaceutical Product Renewal System to be enforced from this June

A policy for pharmaceutical products to get approval and renewal every 5 years will be enforced from the coming June. The Ministry of Food and Drug Safety(MFDS) announced enforcement of the Pharmaceutical Product Ren...

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