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Hospital bankruptcy rate surged to 9.5 percent
The nation's hospital bankruptcy rate last year marked 9.5 percent, up 0.6 percentage point from a year earlier, according to a recent survey of the Korea Hospitals Association.
The survey showed that the bankrupt...
Better understanding about Product Liability Law desirable.
Recalling the Product Liability Law that was enforced from July 1, last year, it is pointed out that the pharmaceutical industry needed better understanding of this provision because the company might get serious busi...
KOSDAQ-listed pharmaceutical firms fared well in the first half
According to statistics compiled by Yakup Shinmoon, KOSDAQ-listed pharmaceutical firms whose fiscal year closes March 31st fared well in the first quarter of this year. Details:
Turnover of KOSDAQ-listed ph...
Daewoong Pharm sells one capsule package of comp. Ursa
In an attempt to cope with the inconvenience of customers and pharmacists, Daewoong Pharm said that it had already supplied to pharmacies diverse package forms of composite Ursa capsule (60 capsules, 10 capsules, and ...
Chinese bulk drugs to kill domestic bulk drug industry.
The technology progress of China in the synthetic bulk drugs will sweep up almost completely all the Korean branded bulk drugs from the overseas markets in the near future not only because of its price but also qualit...
KPA to brace for tougher measures over reimbursable OTCs
The Korea Pharmaceutical Association said recently that it has opted for the license cancellation of some OTC products whose supplier prices at pharmacy are found to be higher than insurance-covered prices by resortin...
Drug makers and wholesalers seek to solidify alliances for co-prosperity
The mutual consultative body consisting of domestic pharmaceutical marker and wholesalers, which was newly established last month, held a first gathering at Tower Hotel in May 14 in a bid to brace for their win-win st...
KFDA to promote ADR monitoring system
The Korea Food and Drug Administration said recently that as part of offering most up-date drug-related safety information to medical professionals in a rapid and accurate manner, it will push up with an up-date drug ...
National Tax Service no longer to inspect pharmacy.
The National Tax Service (NTS) announced on May 14 under the title of "Tax Probe Reform Promotional Plans After May" that the pharmacy visit or the seizure of any pharmacy ledgers without prior notification would neve...
Pfizer Korea's recruitment plan is still underway
Pharmaceutical business sources say that Pfizer Korea has been seeking to hire necessary staff members including plant personnel in the wake of the recent merger between Pharmacia Korea and Pfizer Korea.
Unlike Pfi...