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Withpharm designated as venture firm

Withpharm, a pharmacy chain for drug dispensing, said it was officially registered by Seoul Small & Medium Business Administration as a venture firm for industrial assistance service center on January 30, as its highl...

Significance of OTC development strategy and its prospect

The over-the-counter (OTC) products, which have led the domestic pharmaceutical market for the past 50 years, have hit snag after implementation of a new system of separating drug dispensing from medical practice (SDP...

Government to allow 6.0 billion R&D loan in BT sector

The Ministry of Science & Technology has unveiled its massive loan plan for Korea's science and technology promotion fund amounting to a total of 90.0 billion won (general collateral loan: 40.0 billion won, technology...

New drug R&D to set for national core industry.

The government and relevant organizations confirmed their supports for the R&D of new drug discovery while the pharmaceutical industry expressed their enthusiastic wills of expanding the R&D investment at the event of...

MOHW denied any separate herbal drug administration law.

Chosun daily, one of the leading daily news paper in Korea, earlier disclosed under the title "A simultaneous projecting for the herbal drug administration law to calm down the herbal medical communities" that the her...

Joint Research of Disease DNA for Korean and Mongol

Macrogen has announced that Seo Jung-sun, the president of Macrogen made an agreement with the Public Health Department of Mongol regarding Korea-Mongol joint research of disease DNA on Dec 30, 2002. According to ...

Elimination of counterfeit and substandard drugs eyed

The Korea Food and Drug Administration (KFDA) announced its 2003 pharmaceutical affairs inspection program, the salient points of which are as follows: - Each regional KFDA is scheduled to inspect counterfeit and s...

Ready-made prescription dispensing at pharmacy illegal.

Having already well known about common prescriptions issued by medical institutions, the pharmacy could prepare its ready-made dispensing in advance for their own conveniency sake, but the MOHW interprets it against l...

New President of Dong-a Pharm Corp Elected

Dong-a pharmaceutical corporation has announced that Yoo Choong-sik and Kang Moon-suk were elected the vice president and the president of Dong-a pharmaceutical company on Dec 31. Kim Won-bae, Son Ji-hoon and Kim Ki-...

Dongshin Pharm affiliated with SK Group

SK Chem. and Dongshin Pharm said on January 3rd that Dongshin Pharm became one of the affiliated firms of SK Group. Reportedly, the SK Group studied two options for several months a merger of SK Pharm and Dongshi...

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