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Prescriptions of contra-indicated drugs not NHI reimbursable.
The prescription dispensing containing any contra-indicated drugs may not be NHI reimbursable and therefore pharmacists have to consult with prescribing physicians prior to dispensing such prescriptions for an appropr...
LG to export technologies of new drug for B viral hepatitis.
LG Life Science Co. has developed a new drug for the treatment of B viral hepatitis under the code of B80380 and tried to explore a strategic business tie-up with Anadys Corp. of America for an earlier commercializati...
Daeil Chemical found illegal production of painkiller plasters.
Daeil Chemical was found to produce illegal painkiller plaster preparations, for which, KFDA said on April 14, an appropriate administrative measure would be soon made while undertaking an immediate return and disposa...
LG Life Science scored the best sale in first quarter.
The pharmaceutical division of LG Life Science has achieved an unprecedented sales and ordinary income during the first quarter this year with 12.7 billion won of operating income.
The company reported that the sal...
Pharmaceutical firms to improve deferred accounts receivable portfolios
Domestic pharmaceutical firms are making desperate efforts to shorten the settlement period of their deferred accounts receivables in a bid to cope with protracted business slump and create better management c...
CJ Corporation to invest 32.0 billion won into Hanil Pharm
Hanil Pharm announced on April 13 that its board of directors will hold its special meeting on April 30 to resolve the expected investment of 32.0 billion won from CJ Consortium, saying that the investment will be mad...
GSK Director Lee Ju-chul oversees business development units in Indochina
After winding up his successful two-year operation in Singapore in March, Lee Ju-chul, director of antiviral business unit of GSK Korea, will be involved in more extended business development affairs in Indochina (Mya...
Remnant stocks in retail pharmacies on the rise.
Because of the drug wholesaler's rejection to supply of divided drug stocks, many retail pharmacies have faced with difficulties in keeping efficient stock inventories.
Despite the working rules of the pharmaceutic...
KFDA to fix 287 subjects for assigned R&D projects.
KFDA finally determined the total 287 subjects of assigned R&D projects in 2004, mainly focusing on the drug equivalency administration projects.
The total 287 subjects in 49 projects included 11 pharmaceutical, 14...
Imports for anti-impotence drugs topped $31.2 million in 2003
Korea's imports for anti-impotence drugs, such as Viagra (sidenafil), Cialis (tadalafil) and Levitra (vardenafil), posted $31.2 million last year, the Korea Pharmaceutical Traders Association said recently.
Bulk im...
