All Type of News
Illegal Sales of OTC Medications by Unauthorized Retail Outlets Exposed
The Korea Food and Drug Administration (KFDA) announced on January 18th that it has found 15 locations in the Seoul metropolitan district that were conducting an illegal sale of certain over-the-counter (OTC) products...
Industry Gives Positive Outlook on Increased Domestic OTC Sales
The pharmaceutical industry is making its positive outlook on increased domestic sales activity of over-the-counter (OTC) products, based on a recent announcement by the government to allow for public advertising of c...
Domestic Firm Joins Competitive Market for Anti-Hypertension Treatments
The pharmaceutical industry expects an elevated level of competition in the domestic ARB (angiotensin II receptor blocker) hypertension treatment market currently predominated by foreign-invested firms, with an introd...
Two Leading Companies with Different Sales Strategies Under Close Observation
The domestic pharmaceutical firms are making close observations on two leading companies with different sales and marketing strategies, where one focuses on the business relations with the pharmaceutical wholesalers w...
Symbicort Single Inhaler Treatment Proven for Better Asthma Prevention and Management
Clinical results from a major asthma study known as the STAY trial indicate that a novel asthma treatment approach using a single inhaler concept is more effective for prevention and management of asthma attacks for p...
LG Life Sciences Sets Revenue Plan at 230 Billion Won
LG Life Sciences Ltd. recently announced that its total revenue plan for Year 2005 is finally set at 230 billion won, up 7.7% from the prior year, reflective of the company's competitive product lineups and their plan...
Total Healthcare R&D Budget Surpasses over 100 Billion Won Mark
The Ministry of Health and Welfare (MOHW) announced on January 17th that the total research and development budget in support of healthcare industry for this year has surpassed over the 100 billion won mark, up 9.8% f...
143 Antibiotic Products with Adjusted Market Approval Specifications
The Korea Food and Drug Administration (KFDA) recently announced a uniform adjustment on the market approval specifications of existing 143 antibiotic products, based on the re-evaluation results on their efficacies, ...
305 New Drug Inclusions to Current Insurance Coverage List
Effective February 1st, a total of 305 drugs is to be newly included in the National Health Insurance (NHI) list of pharmaceutical products with their defined coverages under both reimbursable and non-reimbursable cat...
Novel Liver Support System for Improving Survival Rate Under Development
Lifecord Co., a domestic company specialized in the cord blood storage, is currently undertaking a joint development project of the hepatocyte-based liver support system for patients with acute hepatic failures, with ...
