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Janssen Korea intensifies effort to boost sales

Janssen Korea said recently that it would launch Velcade (bortezomib) injection, a new treatment for multiple myeloma, a cancer of the bone marrow, within this year in addition to Sporanox (itraconazole) for the treat...

Pharmaceutical overseas business to be supported.

Many supporting programs seemed to be provided by various authorities including Korea Health Industry Development Institute (KHIDI) for the pharmaceutical overseas business entry by means of dispatching overseas marke...

Samjin and Iljin to form functional food distribution corporation.

The enforcement of the Functional Health Food Act has enticed many pharmaceutical and cosmetic companies to enter the health functional food business. Samjin Pharmaceutical company and Iljin Pharmaceutical compa...

Domestic drug wholesalers face uphill battle this year

Hardest hit by the protracted business slump last year, local OTC wholesalers are expected to face an uphill battle this year due to several negative factors. Local OTC wholesalers are feeling the tightest pinch f...

GSK Korea target 250 billion sales revenue this year

GlaxoSmithKline Korea said that it is aiming for a 250 billion won in sales revenue this year, up 1.2 percent against sales revenue of 220 billion won in 2003. To that end, the company said it selected 11 unit he...

Sanofi-Synthelabo's REACH Registry launched to increase knowledge of atherothrombosis

Sanofi-Synthelabo announced recently the launch of the REACH (REduction of Atherothrombosis for Continued Health) Registry, one of the largest international registries ever conducted in people at risk of atherothrombo...

PDC expediting earlier settlement on NHI drug pricing deals.

Pharmaceutical Development Council (PDC: chairman: Kim Jeong-soo) took a meeting at Tower hotel on Jan. 19 and agreed to request all related drug companies to settle down the payment of sales allowances and the price ...

Patent application for anti-bird flu virus composites.

EnBiotechnologies announced on Jan. 19 to have earlier filed a patent registration for HIN2 type of anti-bird flu virus composites containing a water soluble Glycan Oligomo of yeast under the patent application No. 10...

Local nifedipine market seen intensifying

The domestic nifedipine market is expected to intensify this year, as some Korean companies such as Hanmi Pharm and Pacific Pharm plan to launch new formulations within the year in the hope of carving out bigger marke...

Pharmacies mired in handling psychotropic drugs with expired shelf-life

The accumulated inventories of psychotropic drugs at pharmacy are hurting a majority of pharmacies, as their shelf-life has been already expired and thus a great number of drugs are subject to total disposal without e...

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