All Type of News
US FDA to speed generic drug approval
Informed sources say that President Bush will ask Congress for a budget boost aimed at bring generic drugs to the market more quickly by hiring more people to review applications at the US Food and Drug Administration...
Competition becomes fierce between new drugs and first-generics
Influenced by the sustained growth of ethical market accelerated by a new system of separating drug dispensing from medical practice and the rapid increasing trend of elderly people, multinational pharmaceutical firms...
Drug distribution industry to be realigned this year.
It is predicted that this year will be the year for the drug distribution industry to substantially realign its structures largely by an aggressive leadership of gigantic companies.
According to the industry, Zue...
Drug ads layout in 2002 hit snag
The number of drug ads layouts was greatly declined to 18 cases in December of 2002 from 33 cases in the same period of last year, according to a drug ads layout committee of the Korea Pharmaceutical Manufacturers Ass...
Establishment of government-industry committee eyed
Pharmaceutical business sources say that the industry-oriented drug license system will be further activated.
In a meeting on January 23 among the representatives from the Korea Pharmaceutical Manufacturers Associ...
Pharmacies depressive with ever soaring lease rates
Most of pharmacies are experiencing management difficulties with ever soaring lease rates largely due to the new commercial premise leasing act that already took effects from Jan. this year.
According to the new pr...
Novartis to rebrand 14 generic companies as Sandoz
Switzerland-based Novartis, the third largest multinational firm, unveiled on January 21 plans to unite its 14 Generics company brands under a single global umbrella name, Sandoz .
All Novartis Generics companies...
Returned stocks to leave losses only to pharmacies.
Most of drug makers did not comply to settle the return stocks from pharmacies in a cash but swap it to other general drugs, leaving a serious resistance from the pharmacy communities. Even some drug manufacturers ref...
Pfizer agrees to sell Schick unit to EnergizerPfizer Inc. announced on January 21 that it has agreed to sell its Schick-Wilkinson Sword Shaving Products Business for $930 million in cash to Energizer Holding Inc., battery a...
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Korea expected to become aged society in 2019
According to population data of the recently published "2002 Health and Welfare Statistics, Korean's average life expectancy in 2005 will rise to 77.7 years from 63.7 in 1980. A woman' life expectancy will rise to 81....
