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Pharmacy hit by sluggish OTC sales

The haunting public suspicion over phenylpropanolamine (PPA)-containing cold drugs is putting an additional strain on local proprietors of pharmacy, which have already suffered from a lengthy slump in domestic consump...

Sanofi to keep stronghold wholesale system.

Sanofi Korea announced that they would absorb the wholesale business from Zuellig to keep their own whole selling system called "a stronghold wholesale system". Sanofi Korea said on Aug. 18 that their wholesale bu...

Substitution for any drugs proven of bio-equivalency permissible.

The MOHW interpreted that any drugs that were already proven of its bio-equivalency are allowed to substitute for drugs prescribed by physicians when a detailed reason for the substitution ban was not specifically des...

National health insurance mandatory for foreign workers

With a new work permit system for foreigners in a full-scale manner beginning August 17, it is now mandatory for foreign workers to join the nation's health insurance system, the National Health Insurance Corporation ...

'Zuellig Pharma shouldn't make dumping order acts'

The Korea Drug Wholesaler Association said on August 18 that Zuellig Pharma should not distort the domestic distribution market through its dumping order based sales policies toward foreign-invested pharmaceutical fir...

KFDA, Prosecutors and Police Agency agreed joint cooperation

A joint cooperation among the KFDA, the Public Prosecutor's Office and the National Police Agency seems to be substantiated under a certain treaty, a draft of which was already prepared and soon announced in public. ...

Dietary items emerging as most attractive health foods

Healthier dietary items are gaining big popularity in Korea, a recent Internet survey showed. The on-line survey of 282 Netizens, which was conducted by Yakup Shinmoon (www.yakup.com) between July 19 to August 9,...

Government mulls pharmaceutical price cut in third quarter

The government recently unveiled a set of measures aimed at improving the people's worsening economic conditions by weak domestic demand amid the delayed economic recovery. During a Cabinet meeting presided by Pres...

Green Cross Sang-A and PBM to merger.

In the extraordinary shareholder's meeting on Aug. 17 Green Cross Sang-A decided the merger of Green Cross PBM, the revision of the article of incorporation to add a commodity b...

Advertisement campaigns centered around OTCs in first half

During the first six months, a number of leading pharmaceutical firms geared up its intensive public advertisement campaigns in an effort to jump-start OTC sales amid protracted business slump and plan to intensify th...

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