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Lilly Korea teams up with Zuellig Korea

Lilly Korea, Korean unit of U.S.-based multinational pharmaceutical firm, said that beginning in April 1st, Zuellig Korea will be responsible for drug logistics business of Lilly Korea in the domestic hospital and pha...

Domestic Uwhangchungsimwon market heats up

Local competition of Uwhangchungsimwon (herbal medicine) market valued at 40.0 billion won is expected to be intensifying, as Borung Pharm, a leading herbal maker of Yongkaksan ...

Dongwha Pharm wins China patent for novel quinolone agent

Dongwha Pharm announced it has won China patent related to an optically active 7-pyrrolidine quinoline carboxylic acid derivative and its manufacturing method. Dongwha officials said that the company invested two ...

Service fee of Zuellig grew up 44% last year.

Zuellig Korea earned about 21.563 million won of service fees in 2003 including 330 million won of operating income. Zuellig's revenue was accounted only for the service fees not for the gross sales since Zuellig b...

Pro-government Uri party pledged DRG system in campaign.

The Uri party pledged during the National Assembly election campaign that the non-NHI reimbursable treatment would be continuously reduced while the NHI payment including the DRG (Diagnosis Related Group) system shoul...

Jecheon city intensifies efforts to lure pharmaceutical firms

With construction of Jecheon Biovalley Industrial Complex to be completed in coming June with investment of 23.5 billion won, the regional government of Chungcheong Province has begun enticing more companies involved ...

Korea Foods Industry Association to set up industrial complex in China

Korea Foods Industry Association said on March 25 that it signed a partnership agreement with the Foods Processing District Committee in Qindao city, China, to establish a KFIA industrial complex at a 200,000 pyung ar...

Pfizer declares victory campaign against erectile dysfunction

Pfizer Inc. said it launched a new victory campaign against erectile dysfunction (ED) to reinvigorate all males' sexual behavior in over 100 countries. In the victory campaign declaration in Vienna, Austria, Pfizer...

77 pharmaceutical raw material reports mandatory by Aug.

The Korea Pharmaceutical Trade Association (President: Chung Seung-whan) announced on March 26 in the explanatory meeting over the pharmaceutical raw material report system that 77 raw materials should report until th...

KFDA to revise Drug Review Standards.

KFDA announced a newly revised "Drug Review Standards" covering the required data in details according to Article 31 Paragraph 1 of the working rule of the Pharmaceutical Affairs Act. The detailed attachment of suc...

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