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SK Chemicals’ vaccine department becomes a new company ‘SK Bioscience’

A vaccine company ‘SK Bioscience’ will officially be launch on the 1st. SK Chemicals announced that they established a new company ‘SK Bioscience’ by taking out its existing vaccine business unit on the 1st. SK Chemi...

6 oral apixaban generics excluded from the list of insurance benefits

6 oral apixaban generic products referencing Eliquis have been excluded from the list of health insurance benefits as the result of the injunction trial against infringement of the Eliquis’s substance patent. The Min...

Pharma industry to find growth engines using OTC drugs

Due to the depression in the ETC drug market and the government’s strict control, pharmaceutical companies have shown high interests in developing OTC drugs. According to the Ministry of Food and Drug Safety(MFDS) On...

MOHW wins litigation against Inist to execute 48 drug price cuts on the coming 6th

As the government won the Inist Bio Pharmaceutical’s litigation for cancellation of drug price cuts on rebated products, it has taken immediate actions to cut their drug price cuts. On the last 2nd, the Ministry of H...

Last year, pharma industry made USD 4.06 billion exports increased by 30.6%

While exports in the health care industry were USD 12.2 billion in 2017, the pharmaceutical industry made USD 4.06 billion experts increased by 30.6% compared to the year before. Listed pharmaceutical companies made ...

CJ HealthCare acquires approval of new antiemetic ‘Akynzeo’

CJ HealthCare announced on the 1st that a new antiemetic ‘Akynzeo Cap’ was approved by the Ministry of Food and Drug Safety. With the Akynzeo’s approval, CJ HealthCare has firmed its position in the anticancer supple...

MFDS to raise international competitiveness of pharma industry with QbD

As a method to enhance the pharmaceutical industry’s competitiveness in the global market and supply quality and quantity drugs, the Ministry of Food and Drug Safety(MFDS) will make implementation of the Quality by De...

Kyung Nam Pharm suspends M&A process for open sale

Kyung Nam Pharm gave a suspension notice of the M&A process for open sale on the 29th. Thus, they will face a new era with the open sale that they have carried out for transparency in managing the company after suspen...

Prosecution’s investigation on Hanjin Group Chairman Yang-Ho Cho for pharmacy rentals

As investigating Hanjin Group Chairman Yang-Ho Cho’s corruptions, such as getting omitted with inheritance taxes, the prosecution is also investing if he ran pharmacy rentals.’ According to a media report on the 29th...

Government to advice fairness with employment on 255 public service-related organizations

255 public service-related organizations under the entire government bodies, such as Korea Orphan and Essential Drug Center and Korean National Tuberculosis Association, were requested to have transparency when hiring...

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