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4 pharmas including Hanmi & Green Cross spending more than KRW 100 billion into R&D

Last year, there were 4 listed pharmaceutical companies(Hanmi Pharm, Green Cross, Daewoong Pharmaceutical and Chong Kun Dang) which annually put R&D expenses more than KRW 100 billion. Including Kwang Dong Pharmaceut...

Rep. Seung-Hee Kim, “It’s too early to adopt remote drug dispensers”

Rep. Seung-Hee Kim expressed an opinion that it was inappropriate to adopt remote drug dispensers, which is not guaranteed in safety, in the circumstance where the emergency household drug and pharmacy-on-duty systems...

Rep. Seung-Hee Kim, “It’s too early implement the income-oriented insurance contribution ”

“I agree with necessity of the income-oriented health insurance contribution system, but it’s still too early adopt the contribution system unified only with income.” Liberty Korea Party Rep. Seung-Hee Kim expressed ...

Hanmi, Beijing Hanmi & Innovent signs co-development partnership of immuno-oncology bispecific antibody

Hanmi Pharm(CEO Sae-Chang Kwon, Jong-Soo Woo) announced on the 30th that it has established a global partnership to jointly develop and commercialize a immune-oncology bispecific antibody with the Chinese biotechnolog...

KRPIA changes its Korean name to ‘Korean Global Pharmaceutical Industry Association’

The Korean name for the KRPIA, an organization for global pharmaceutical companies, will be changed to ‘Korean Global Pharmaceutical Industry Association(한국글로벌의약산업협회).’ In order to accurately deliver the foundation p...

MFDS secures KRW 84.4 billion into R&D for drug safety this year

The Ministry of Food and Drug Safety will secure the total KRW 84.4 billion R&D budget, which includes KRW 24.1 billion into safety for pharmaceutical products. The National Institute of Food and Drug Safety Evaluati...

Reduction in bioequivalently-tested drugs shows slowdown in Korean generic development

It was analyzed the number of pharmaceutical products approved by bioequivalence test this year was rapidly decreased to 125 products compared to the same period of the last year. According to the Ministry of Food an...

Local clinics start to use GPO to save about KRW 3.6 billion in a year of 2016

Recently starting from large general hospitals, the successful cases of GPO(Group Purchasing Organization) is moving to local clinics as well. According to EZmedicom, the 12 local clinics which consigned the purchasi...

Pharma distribution companies’ start to create new revenue models

With the trend of decreasing margins from pharmaceutical companies, pharmaceutical distribution companies have started to aggressively discover new products as a way to find new revenue models. Through Order Station,...

MSD launches Januvia 25mg, completing portfolio for nephropathy patients

Because launching Januvia 25mg, MSD has become available to make prescriptions for nephropathy patients on every stage. At the press conference on the 29th, MSD Korea announced the launch of the diabetes type 2 treat...

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